Creative Planning reduced its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,967 shares of the semiconductor company’s stock after selling 430 shares during the period. Creative Planning’s holdings in KLA-Tencor were worth $802,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in KLA-Tencor in the 4th quarter valued at about $72,000. First Interstate Bank increased its position in KLA-Tencor by 19.0% in the 4th quarter. First Interstate Bank now owns 1,250 shares of the semiconductor company’s stock valued at $112,000 after acquiring an additional 200 shares in the last quarter. First Mercantile Trust Co. increased its position in KLA-Tencor by 44.8% in the 4th quarter. First Mercantile Trust Co. now owns 1,390 shares of the semiconductor company’s stock valued at $124,000 after acquiring an additional 430 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in KLA-Tencor in the 4th quarter valued at about $137,000. Finally, First Hawaiian Bank acquired a new stake in KLA-Tencor in the 3rd quarter valued at about $199,000. 94.43% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. KeyCorp lowered their price objective on shares of KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, October 30th. BidaskClub upgraded shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Cowen reiterated an “outperform” rating and set a $120.00 price target on shares of KLA-Tencor in a research report on Wednesday, January 30th. Zacks Investment Research cut shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Finally, ValuEngine upgraded shares of KLA-Tencor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $127.83.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.20 by $0.24. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $1.97 EPS. As a group, equities research analysts forecast that KLA-Tencor Corp will post 8.34 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, February 14th. KLA-Tencor’s dividend payout ratio is 37.50%.
In related news, EVP Teri A. Little sold 2,525 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $95.00, for a total transaction of $239,875.00. Following the completion of the transaction, the executive vice president now owns 7,127 shares in the company, valued at $677,065. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian M. Trafas sold 1,114 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $107.00, for a total transaction of $119,198.00. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.
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KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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