KLA-Tencor Corporation (NASDAQ:KLAC) CFO Bren D. Higgins sold 2,559 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total value of $239,855.07. Following the sale, the chief financial officer now directly owns 854 shares in the company, valued at approximately $80,045.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

KLA-Tencor Corporation (NASDAQ:KLAC) traded down 1.02% on Friday, reaching $94.35. 675,452 shares of the company’s stock traded hands. The firm has a market capitalization of $14.80 billion, a PE ratio of 16.05 and a beta of 1.62. The firm’s 50 day moving average price is $93.08 and its 200 day moving average price is $96.40. 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 announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. During the same period in the prior year, the business posted $1.77 earnings per share. KLA-Tencor Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict 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. Investors of record on Tuesday, August 15th were issued a $0.59 dividend. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio is currently 40.14%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in KLAC. Sun Life Financial INC lifted its holdings in KLA-Tencor Corporation by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,144 shares during the period. Grove Bank & Trust lifted its holdings in KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 290 shares during the period. Trust Co. of Vermont lifted its holdings in KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 45 shares during the period. IFP Advisors Inc lifted its holdings in KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 928 shares during the period. Finally, Invictus RG acquired a new position in KLA-Tencor Corporation in the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.18% of the company’s stock.

A number of research firms have recently weighed in on KLAC. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. KLA-Tencor Corporation currently 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.

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

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