Ahmad A. Khan Sells 4,066 Shares of KLA-Tencor Corporation (NASDAQ:KLAC) Stock
KLA-Tencor Corporation (NASDAQ:KLAC) EVP Ahmad A. Khan sold 4,066 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the transaction, the executive vice president now owns 5,489 shares in the company, valued at approximately $489,344.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 91.48 on Thursday. KLA-Tencor Corporation has a one year low of $66.88 and a one year high of $109.59. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 15.56 and a beta of 1.62. The company has a 50-day moving average of $95.55 and a 200 day moving average of $95.61.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. During the same period in the prior year, the business posted $1.77 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.59 per share. The ex-dividend date is Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.58%. KLA-Tencor Corporation’s dividend payout ratio is 36.73%.
A number of institutional investors have recently added to or reduced their stakes in KLAC. Teachers Advisors LLC increased its position in KLA-Tencor Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 280,996 shares of the semiconductor company’s stock valued at $22,109,000 after buying an additional 78,692 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in KLA-Tencor Corporation by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,109 shares of the semiconductor company’s stock valued at $12,844,000 after buying an additional 4,488 shares during the period. Raymond James Trust N.A. acquired a new position in KLA-Tencor Corporation during the first quarter valued at $209,000. Creative Planning increased its position in KLA-Tencor Corporation by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 996 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in KLA-Tencor Corporation by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock valued at $4,800,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 91.96% of the company’s stock.
A number of brokerages have weighed in on KLAC. UBS AG restated a “neutral” rating and issued a $110.00 price objective on shares of KLA-Tencor Corporation in a report on Tuesday, June 13th. B. Riley restated a “buy” rating and issued a $115.00 price objective on shares of KLA-Tencor Corporation in a report on Wednesday, May 3rd. BidaskClub lowered KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Stifel Nicolaus reiterated a “hold” rating and set a $103.00 price target (up previously from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Finally, Zacks Investment Research lowered KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corporation has an average rating of “Hold” and a consensus price target of $98.86.
About KLA-Tencor Corporation
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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