Seven Eight Capital LP acquired a new stake in KLA-Tencor Corp (NASDAQ:KLAC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 95,436 shares of the semiconductor company’s stock, valued at approximately $9,707,000. Seven Eight Capital LP owned about 0.06% of KLA-Tencor at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services LLC increased its position in KLA-Tencor by 9.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 7,318 shares of the semiconductor company’s stock valued at $797,000 after purchasing an additional 638 shares during the period. A.R.T. Advisors LLC acquired a new stake in KLA-Tencor during the 1st quarter valued at approximately $1,613,000. Ladenburg Thalmann Financial Services Inc. increased its position in KLA-Tencor by 6.8% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,543 shares of the semiconductor company’s stock valued at $822,000 after purchasing an additional 477 shares during the period. Point72 Asset Management L.P. acquired a new stake in KLA-Tencor during the 1st quarter valued at approximately $6,541,000. Finally, Verition Fund Management LLC acquired a new stake in KLA-Tencor during the 1st quarter valued at approximately $893,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
In related news, insider Richard P. Wallace sold 14,207 shares of KLA-Tencor stock in a transaction on Monday, August 6th. The shares were sold at an average price of $118.49, for a total value of $1,683,387.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Virendra A. Kirloskar sold 1,537 shares of KLA-Tencor stock in a transaction on Monday, August 6th. The shares were sold at an average price of $118.87, for a total transaction of $182,703.19. The disclosure for this sale can be found here. In the last three months, insiders sold 51,880 shares of company stock valued at $6,075,839. 0.20% of the stock is currently owned by insiders.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.08. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $1.64 EPS. KLA-Tencor’s revenue was up 14.0% compared to the same quarter last year. Analysts anticipate that KLA-Tencor Corp will post 9.28 earnings per share for the current year.
A number of research firms have weighed in on KLAC. Zacks Investment Research downgraded shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup reduced their price objective on shares of KLA-Tencor from $128.00 to $121.00 and set a “buy” rating for the company in a research report on Tuesday, September 25th. BidaskClub downgraded shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. ValuEngine downgraded shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, Evercore ISI raised shares of KLA-Tencor from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research report on Tuesday, September 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. KLA-Tencor presently has an average rating of “Buy” and a consensus target price of $136.14.
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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