KCS Wealth Advisory bought a new stake in KLA-Tencor Corp (NASDAQ:KLAC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,200 shares of the semiconductor company’s stock, valued at approximately $441,000.
Other hedge funds also recently bought and sold shares of the company. Sun Life Financial INC lifted its stake in KLA-Tencor by 14,300.0% in the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,144 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in KLA-Tencor by 300.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 750 shares in the last quarter. Bristlecone Advisors LLC purchased a new stake in KLA-Tencor in the 3rd quarter valued at approximately $148,000. Edge Advisors LLC lifted its stake in KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 872 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in KLA-Tencor in the 3rd quarter valued at approximately $212,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC lowered KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target on the stock. in a research note on Monday, January 8th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, December 27th. KeyCorp raised KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Monday, December 18th. Finally, Argus assumed coverage on KLA-Tencor in a research note on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $110.95.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 EPS. research analysts predict that KLA-Tencor Corp will post 7.31 earnings per share for the current year.
In other news, Chairman Edward W. Barnholt sold 10,914 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $104.90, for a total transaction of $1,144,878.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total value of $52,920.00. Following the sale, the director now owns 15,131 shares of the company’s stock, valued at $1,601,465.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,664 shares of company stock valued at $3,191,064. Insiders own 0.20% of the company’s stock.
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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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