KLA-Tencor Corp. (NASDAQ:KLAC) Director Kiran M. Patel sold 6,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $82.45, for a total transaction of $494,700.00. Following the sale, the director now directly owns 2,141 shares of the company’s stock, valued at approximately $176,525.45. The sale was disclosed in a filing with the SEC, which is available at this link.

KLA-Tencor Corp. (NASDAQ:KLAC) traded down 1.19% during midday trading on Wednesday, reaching $82.05. 427,867 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.83 billion, a P/E ratio of 16.53 and a beta of 1.60. The stock’s 50 day moving average is $74.63 and its 200 day moving average is $72.57. KLA-Tencor Corp. has a 52 week low of $62.33 and a 52 week high of $83.23.

KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, October 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.13. The business earned $751 million during the quarter, compared to analyst estimates of $735.01 million. KLA-Tencor Corp. had a net margin of 25.15% and a return on equity of 138.28%. The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, analysts expect that KLA-Tencor Corp. will post $5.36 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for KLA-Tencor Corp. (NASDAQ:KLAC)

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, November 10th. This is a positive change from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. KLA-Tencor Corp.’s payout ratio is currently 43.55%.

Several analysts recently issued reports on KLAC shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of KLA-Tencor Corp. in a research note on Wednesday, August 17th. Zacks Investment Research cut shares of KLA-Tencor Corp. from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Citigroup Inc. upped their price objective on shares of KLA-Tencor Corp. from $74.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Deutsche Bank AG increased their price target on shares of KLA-Tencor Corp. from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Finally, B. Riley reissued a “neutral” rating and issued a $78.00 price target on shares of KLA-Tencor Corp. in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. KLA-Tencor Corp. has a consensus rating of “Buy” and an average target price of $81.80.

Several institutional investors have recently bought and sold shares of the stock. QUANTRES ASSET MANAGEMENT Ltd purchased a new position in KLA-Tencor Corp. during the second quarter worth $513,000. Nikko Asset Management Americas Inc. raised its position in KLA-Tencor Corp. by 50.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 11,000 shares of the company’s stock worth $793,000 after buying an additional 3,700 shares in the last quarter. Nordea Investment Management AB purchased a new position in KLA-Tencor Corp. during the second quarter worth $299,000. Nisa Investment Advisors LLC raised its position in KLA-Tencor Corp. by 11.2% in the second quarter. Nisa Investment Advisors LLC now owns 31,994 shares of the company’s stock worth $2,344,000 after buying an additional 3,230 shares in the last quarter. Finally, Legacy Private Trust Co. purchased a new position in KLA-Tencor Corp. during the second quarter worth $284,000. 84.25% of the stock is owned by institutional investors and hedge funds.

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KLA-Tencor Corp. Company Profile

KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

5 Day Chart for NASDAQ:KLAC

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