FUKOKU MUTUAL LIFE INSURANCE Co Cuts Position in KLA-Tencor Corp (KLAC)

FUKOKU MUTUAL LIFE INSURANCE Co lowered its position in KLA-Tencor Corp (NASDAQ:KLAC) by 12.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,400 shares of the semiconductor company’s stock after selling 200 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in KLA-Tencor Corp were worth $133,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in KLAC. Flinton Capital Management LLC increased its position in KLA-Tencor Corp by 342.5% in the first quarter. Flinton Capital Management LLC now owns 12,036 shares of the semiconductor company’s stock valued at $1,144,000 after buying an additional 9,316 shares in the last quarter. American Century Companies Inc. increased its position in KLA-Tencor Corp by 8.6% in the first quarter. American Century Companies Inc. now owns 1,094,869 shares of the semiconductor company’s stock valued at $104,089,000 after buying an additional 87,029 shares in the last quarter. First Trust Advisors LP increased its position in KLA-Tencor Corp by 26.0% in the first quarter. First Trust Advisors LP now owns 790,597 shares of the semiconductor company’s stock valued at $75,162,000 after buying an additional 163,024 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in KLA-Tencor Corp by 0.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 231,489 shares of the semiconductor company’s stock valued at $22,008,000 after buying an additional 1,844 shares in the last quarter. Finally, 361 Capital LLC purchased a new position in KLA-Tencor Corp during the first quarter valued at about $939,000. Institutional investors and hedge funds own 90.08% of the company’s stock.

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

KLA-Tencor Corp (NASDAQ:KLAC) traded up 1.11% during trading on Friday, reaching $101.97. The company had a trading volume of 689,383 shares. The company has a 50-day moving average price of $98.58 and a 200 day moving average price of $87.52. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 17.03 and a beta of 1.62. KLA-Tencor Corp has a one year low of $66.88 and a one year high of $104.22.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $2.16 annualized dividend and a yield of 2.14%. KLA-Tencor Corp’s payout ratio is 39.27%.

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KLAC has been the topic of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $115.00 price target on shares of KLA-Tencor Corp in a research note on Wednesday, May 3rd. Deutsche Bank AG reissued a “hold” rating and issued a $100.00 price target (up previously from $85.00) on shares of KLA-Tencor Corp in a research note on Saturday, April 29th. Vetr raised KLA-Tencor Corp from a “hold” rating to a “buy” rating and set a $90.17 price target on the stock in a research note on Monday, February 13th. Cowen and Company reissued an “outperform” rating and issued a $115.00 price target (up previously from $96.00) on shares of KLA-Tencor Corp in a research note on Friday, April 28th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $100.00 price objective on shares of KLA-Tencor Corp in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corp has an average rating of “Buy” and an average target price of $92.62.

In related news, SVP Brian Lorig sold 1,663 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $99.81, for a total value of $165,984.03. Following the transaction, the senior vice president now owns 1,346 shares in the company, valued at $134,344.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 approximately $533,202.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,096 shares of company stock worth $1,437,147. 0.26% of the stock is owned by company insiders.

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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