KLA-Tencor Corporation (KLAC) Insider Richard P. Wallace Sells 37,377 Shares of Stock
KLA-Tencor Corporation (NASDAQ:KLAC) insider Richard P. Wallace sold 37,377 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the completion of the sale, the insider now directly owns 58,831 shares of the company’s stock, valued at $5,345,384.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 2.30% during trading on Thursday, hitting $89.77. 909,852 shares of the stock were exchanged. The company has a market cap of $14.08 billion, a P/E ratio of 15.27 and a beta of 1.62. KLA-Tencor Corporation has a 1-year low of $66.89 and a 1-year high of $109.59. The firm’s 50-day moving average is $94.71 and its 200 day moving average is $95.86.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. KLA-Tencor Corporation’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 earnings per share. Equities 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. Stockholders of record on Tuesday, August 15th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Friday, August 11th. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is presently 40.14%.
Several analysts have commented on the stock. UBS AG reissued a “neutral” rating and issued a $110.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, June 13th. B. Riley reissued a “buy” rating and issued a $115.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, May 3rd. BidaskClub downgraded shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price objective (up from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $98.86.
Several large investors have recently made changes to their positions in KLAC. BlackRock Inc. boosted its stake in shares of KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock worth $1,059,142,000 after buying an additional 10,573,812 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of KLA-Tencor Corporation by 24,123.6% in the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after buying an additional 4,290,618 shares during the last quarter. FMR LLC boosted its stake in shares of KLA-Tencor Corporation by 162.0% in the first quarter. FMR LLC now owns 5,166,949 shares of the semiconductor company’s stock worth $491,222,000 after buying an additional 3,194,775 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of KLA-Tencor Corporation by 16,899.5% in the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock worth $737,000 after buying an additional 740,876 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in shares of KLA-Tencor Corporation by 18.4% in the first quarter. Janus Capital Management LLC now owns 3,450,226 shares of the semiconductor company’s stock worth $328,013,000 after buying an additional 535,940 shares during the last quarter. 91.77% of the stock is owned by institutional investors.
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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