KLA-Tencor Corp (KLAC) Position Lifted by Stevens Capital Management LP

Stevens Capital Management LP increased its position in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 144.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 92,477 shares of the semiconductor company’s stock after buying an additional 54,665 shares during the period. Stevens Capital Management LP’s holdings in KLA-Tencor were worth $8,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in KLA-Tencor by 9,077.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 3,668,943 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of KLA-Tencor in the fourth quarter worth about $72,000. ETF Managers Group LLC boosted its position in shares of KLA-Tencor by 17.9% during the fourth quarter. ETF Managers Group LLC now owns 1,217 shares of the semiconductor company’s stock worth $109,000 after buying an additional 185 shares during the period. First Interstate Bank boosted its position in shares of KLA-Tencor by 19.0% during the fourth quarter. First Interstate Bank now owns 1,250 shares of the semiconductor company’s stock worth $112,000 after buying an additional 200 shares during the period. Finally, First Mercantile Trust Co. boosted its position in KLA-Tencor by 44.8% during the fourth quarter. First Mercantile Trust Co. now owns 1,390 shares of the semiconductor company’s stock valued at $124,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

Shares of KLAC opened at $107.20 on Wednesday. KLA-Tencor Corp has a fifty-two week low of $80.65 and a fifty-two week high of $123.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35. The company has a market capitalization of $16.23 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.59.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. During the same period in the prior year, the firm posted $1.97 earnings per share. As a group, equities analysts expect that KLA-Tencor Corp will post 8.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors 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 yield of 2.80%. The ex-dividend date is Thursday, February 14th. KLA-Tencor’s payout ratio is currently 37.50%.

In related news, insider Brian M. Trafas sold 1,114 shares of KLA-Tencor stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $107.00, for a total value of $119,198.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teri A. Little sold 2,525 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $95.00, for a total transaction of $239,875.00. Following the sale, the executive vice president now owns 7,127 shares of the company’s stock, valued at approximately $677,065. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

KLAC has been the topic of a number of recent research reports. ValuEngine upgraded KLA-Tencor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Zacks Investment Research lowered KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. BidaskClub lowered KLA-Tencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Cowen set a $120.00 price objective on KLA-Tencor and gave the stock an “outperform” rating in a report on Tuesday, October 30th. Finally, B. Riley boosted their target price on KLA-Tencor from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $127.83.

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KLA-Tencor Company Profile

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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Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corp (NASDAQ:KLAC).

Institutional Ownership by Quarter for KLA-Tencor (NASDAQ:KLAC)

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