Mitsubishi UFJ Trust & Banking Corp Sells 2,105 Shares of KLA-Tencor Corp (KLAC)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 0.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 320,165 shares of the semiconductor company’s stock after selling 2,105 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of KLA-Tencor worth $33,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KLAC. Russell Investments Group Ltd. raised its holdings in shares of KLA-Tencor by 181.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 95,148 shares of the semiconductor company’s stock valued at $8,709,000 after acquiring an additional 61,363 shares in the last quarter. NGAM Advisors L.P. raised its holdings in shares of KLA-Tencor by 12.1% in the 2nd quarter. NGAM Advisors L.P. now owns 17,815 shares of the semiconductor company’s stock valued at $1,630,000 after acquiring an additional 1,928 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of KLA-Tencor by 3.2% in the 2nd quarter. CIBC Asset Management Inc now owns 20,163 shares of the semiconductor company’s stock valued at $1,845,000 after acquiring an additional 629 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of KLA-Tencor by 6.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 7,950 shares of the semiconductor company’s stock valued at $728,000 after acquiring an additional 500 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of KLA-Tencor by 359.2% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 46,693 shares of the semiconductor company’s stock valued at $4,273,000 after acquiring an additional 36,525 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

KLA-Tencor Corp (KLAC) opened at $100.88 on Tuesday. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $16,277.25, a PE ratio of 15.79 and a beta of 1.63. KLA-Tencor Corp has a 1 year low of $76.21 and a 1 year high of $110.00.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company’s revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. sell-side analysts anticipate that KLA-Tencor Corp will post 7.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. KLA-Tencor’s dividend payout ratio (DPR) is presently 36.14%.

In other news, CFO Bren D. Higgins sold 2,559 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $239,855.07. Following the transaction, the chief financial officer now directly owns 854 shares in the company, valued at approximately $80,045.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian M. Trafas sold 2,055 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total value of $192,615.15. The disclosure for this sale can be found here. Insiders have sold a total of 42,427 shares of company stock worth $4,338,059 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Several analysts have weighed in on the company. Argus assumed coverage on KLA-Tencor in a report on Wednesday, November 29th. They issued a “buy” rating and a $125.00 price target on the stock. Citigroup raised their price target on KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. B. Riley reaffirmed a “buy” rating and issued a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Finally, Stifel Nicolaus raised their price target on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Hold” and a consensus price target of $108.68.

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

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