Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in KLA-Tencor Corp (KLAC)
Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,946 shares of the semiconductor company’s stock after selling 597 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KLA-Tencor were worth $3,357,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. Thrivent Financial For Lutherans increased its stake in KLA-Tencor by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 190 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in KLA-Tencor by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 637,840 shares of the semiconductor company’s stock worth $58,373,000 after purchasing an additional 32,611 shares in the last quarter. QS Investors LLC increased its stake in KLA-Tencor by 19.5% during the 2nd quarter. QS Investors LLC now owns 3,280 shares of the semiconductor company’s stock worth $300,000 after purchasing an additional 536 shares in the last quarter. Balyasny Asset Management LLC bought a new stake in KLA-Tencor during the 2nd quarter worth approximately $1,107,000. Finally, Royal Bank of Canada increased its stake in KLA-Tencor by 44.3% during the 2nd quarter. Royal Bank of Canada now owns 155,378 shares of the semiconductor company’s stock worth $14,217,000 after purchasing an additional 47,692 shares in the last quarter. 90.96% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on KLAC shares. B. Riley reissued a “buy” rating and set a $129.00 target price (up from $120.00) on shares of KLA-Tencor in a research note on Friday, October 27th. JPMorgan Chase & Co. reissued a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a research note on Friday, October 27th. Stifel Nicolaus increased their target price on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a research note on Thursday, October 19th. Finally, Argus started coverage on KLA-Tencor in a research note on Wednesday, November 29th. They set a “buy” rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $118.54.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The firm had revenue of $975.82 million during the quarter, compared to the consensus estimate of $968.00 million. During the same quarter in the prior year, the firm posted $1.52 EPS. The business’s revenue was up 11.3% on a year-over-year basis. sell-side analysts expect that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 14th. KLA-Tencor’s payout ratio is presently 56.87%.
In other news, CFO Bren D. Higgins sold 3,599 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $365,370.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard P. Wallace sold 13,299 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the sale, the insider now directly owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The disclosure for this sale can be found here. In the last three months, insiders sold 40,830 shares of company stock valued at $4,382,646. 0.20% of the stock is currently owned by insiders.
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KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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