Spark Investment Management LLC purchased a new stake in KLA-Tencor Corp (NASDAQ:KLAC) in the fourth quarter, Holdings Channel reports. The fund purchased 23,100 shares of the semiconductor company’s stock, valued at approximately $2,427,000.
A number of other hedge funds also recently bought and sold shares of KLAC. Raymond James Financial Services Advisors Inc. raised its stake in KLA-Tencor by 15.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,966 shares of the semiconductor company’s stock worth $546,000 after acquiring an additional 786 shares in the last quarter. Strs Ohio raised its stake in KLA-Tencor by 7.0% during the third quarter. Strs Ohio now owns 10,756 shares of the semiconductor company’s stock worth $1,140,000 after acquiring an additional 708 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in KLA-Tencor during the third quarter worth about $360,000. Aperio Group LLC raised its stake in KLA-Tencor by 3.2% during the third quarter. Aperio Group LLC now owns 66,715 shares of the semiconductor company’s stock worth $7,072,000 after acquiring an additional 2,096 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in KLA-Tencor during the third quarter worth about $8,878,000. 90.65% of the stock is owned by institutional investors and hedge funds.
In other KLA-Tencor news, insider Richard P. Wallace sold 13,299 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the transaction, the insider now directly owns 43,442 shares of the company’s stock, valued at $4,782,964.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the transaction, the director now directly owns 15,229 shares in the company, valued at $1,542,088.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,091 shares of company stock worth $2,533,647. Insiders own 0.20% of the company’s stock.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $968.00 million. During the same period in the previous year, the firm earned $1.52 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. sell-side analysts predict that KLA-Tencor Corp will post 7.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be paid a $0.75 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 annualized dividend and a yield of 2.65%. KLA-Tencor’s payout ratio is 56.87%.
Several research analysts have commented on the company. Stifel Nicolaus boosted their target price on KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. B. Riley restated a “buy” rating and set a $142.00 price target (up from $129.00) on shares of KLA-Tencor in a report on Monday, January 22nd. KeyCorp boosted their price target on KLA-Tencor from $134.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Needham & Company LLC boosted their price target on KLA-Tencor from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. KLA-Tencor presently has a consensus rating of “Buy” and an average target price of $120.57.
KLA-Tencor Company Profile
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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