KLA-Tencor Corp (KLAC) Position Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

KLA-Tencor Corp (KLAC) Position Boosted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 3.9% during the first quarter, Holdings Channel reports. The firm owned 25,155 shares of the semiconductor company’s stock after buying an additional 933 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in KLA-Tencor Corp were worth $2,391,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in KLA-Tencor Corp by 2.2% in the fourth quarter. State Street Corp now owns 6,465,147 shares of the semiconductor company’s stock valued at $508,676,000 after buying an additional 139,563 shares during the period. Janus Capital Management LLC boosted its stake in KLA-Tencor Corp by 47.9% in the fourth quarter. Janus Capital Management LLC now owns 2,914,286 shares of the semiconductor company’s stock valued at $229,296,000 after buying an additional 944,286 shares during the period. FMR LLC boosted its stake in KLA-Tencor Corp by 103.2% in the fourth quarter. FMR LLC now owns 1,972,174 shares of the semiconductor company’s stock valued at $155,171,000 after buying an additional 1,001,485 shares during the period. Northern Trust Corp boosted its stake in KLA-Tencor Corp by 1.9% in the third quarter. Northern Trust Corp now owns 1,917,299 shares of the semiconductor company’s stock valued at $133,655,000 after buying an additional 36,303 shares during the period. Finally, Two Sigma Investments LP boosted its stake in KLA-Tencor Corp by 26.9% in the fourth quarter. Two Sigma Investments LP now owns 1,758,196 shares of the semiconductor company’s stock valued at $138,335,000 after buying an additional 373,091 shares during the period. Institutional investors and hedge funds own 90.08% of the company’s stock.

Shares of KLA-Tencor Corp (NASDAQ:KLAC) traded up 0.13% during trading on Friday, reaching $100.94. 986,052 shares of the company were exchanged. The firm’s 50 day moving average is $97.18 and its 200 day moving average is $85.76. KLA-Tencor Corp has a 1-year low of $66.88 and a 1-year high of $104.22. The firm has a market capitalization of $15.82 billion, a P/E ratio of 16.85 and a beta of 1.62.

KLA-Tencor Corp (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.08. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. The firm had revenue of $914 million for the quarter, compared to the consensus estimate of $895.69 million. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. On average, equities analysts anticipate that KLA-Tencor Corp will post $5.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, May 11th. This represents a $2.16 annualized dividend and a dividend yield of 2.14%. KLA-Tencor Corp’s dividend payout ratio (DPR) is currently 39.27%.

Several analysts recently weighed in on KLAC shares. Vetr cut shares of KLA-Tencor Corp from a “strong-buy” rating to a “buy” rating and set a $90.17 price target on the stock. in a report on Wednesday, January 18th. Summit Redstone restated a “sell” rating on shares of KLA-Tencor Corp in a report on Saturday, January 21st. Needham & Company LLC boosted their target price on shares of KLA-Tencor Corp from $95.00 to $105.00 and gave the company a “strong-buy” rating in a report on Friday, January 27th. Cowen and Company boosted their target price on shares of KLA-Tencor Corp from $85.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Finally, Deutsche Bank AG restated a “hold” rating and set a $85.00 target price (up previously from $78.00) on shares of KLA-Tencor Corp in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor Corp currently has an average rating of “Buy” and an average target price of $92.62.

In other news, insider Bobby R. Bell sold 10,933 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $93.61, for a total transaction of $1,023,438.13. Following the transaction, the insider now owns 5,696 shares in the company, valued at $533,202.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian M. Trafas sold 3,064 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $86.89, for a total transaction of $266,230.96. Following the transaction, the insider now owns 5,000 shares in the company, valued at approximately $434,450. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,497 shares of company stock worth $1,537,394. Corporate insiders own 0.26% of the company’s stock.

About KLA-Tencor Corp

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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