Dai Ichi Life Insurance Company Ltd lowered its stake in shares of KLA-Tencor Corporation (NASDAQ:KLAC) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,127 shares of the semiconductor company’s stock after selling 878 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in KLA-Tencor Corporation were worth $2,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. Strs Ohio boosted its stake in KLA-Tencor Corporation by 2.5% during the first quarter. Strs Ohio now owns 10,626 shares of the semiconductor company’s stock worth $1,010,000 after buying an additional 255 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in KLA-Tencor Corporation by 2.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,479 shares of the semiconductor company’s stock worth $2,803,000 after buying an additional 781 shares during the last quarter. World Asset Management Inc boosted its stake in KLA-Tencor Corporation by 20.0% during the first quarter. World Asset Management Inc now owns 17,633 shares of the semiconductor company’s stock worth $1,676,000 after buying an additional 2,937 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in KLA-Tencor Corporation by 66.6% during the first quarter. UBS Asset Management Americas Inc. now owns 727,401 shares of the semiconductor company’s stock worth $69,154,000 after buying an additional 290,842 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in KLA-Tencor Corporation by 342.5% during the first quarter. Meadow Creek Investment Management LLC now owns 5,664 shares of the semiconductor company’s stock worth $538,000 after buying an additional 4,384 shares during the last quarter. 89.18% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on KLAC. Cowen and Company reissued a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. UBS AG reissued a “neutral” rating and set a $110.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. B. Riley reissued a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) lowered KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $108.00 to $97.00 in a research note on Wednesday. Finally, BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. KLA-Tencor Corporation has an average rating of “Hold” and an average target price of $99.40.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 97.95 on Wednesday. The firm has a 50-day moving average price of $92.80 and a 200-day moving average price of $96.53. The stock has a market cap of $15.36 billion, a P/E ratio of 16.66 and a beta of 1.62. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same quarter last year, the firm earned $1.77 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.59 per share. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Friday, August 11th. This represents a $2.36 annualized dividend and a dividend yield of 2.41%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 40.14%.

In other news, EVP Ahmad A. Khan sold 4,066 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $89.15, for a total transaction of $362,483.90. Following the sale, the executive vice president now owns 5,489 shares in the company, valued at $489,344.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard P. Wallace sold 37,377 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total value of $3,396,074.22. Following the sale, the insider now owns 58,831 shares in the company, valued at approximately $5,345,384.66. The disclosure for this sale can be found here. Insiders have sold 83,350 shares of company stock worth $7,560,869 in the last 90 days. Insiders own 0.26% of the company’s stock.

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KLA-Tencor Corporation 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.

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

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