KLA-Tencor Corporation (NASDAQ:KLAC) SVP Brian Lorig sold 2,893 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $95.24, for a total transaction of $275,529.32. Following the sale, the senior vice president now owns 566 shares of the company’s stock, valued at $53,905.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brian Lorig also recently made the following trade(s):

  • On Wednesday, August 9th, Brian Lorig sold 967 shares of KLA-Tencor Corporation stock. The stock was sold at an average price of $90.08, for a total transaction of $87,107.36.
  • On Tuesday, August 1st, Brian Lorig sold 526 shares of KLA-Tencor Corporation stock. The stock was sold at an average price of $92.85, for a total transaction of $48,839.10.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 97.17 on Tuesday. The company has a 50-day moving average of $92.67 and a 200 day moving average of $96.52. KLA-Tencor Corporation has a 12-month low of $68.43 and a 12-month high of $109.59. The firm has a market capitalization of $15.24 billion, a PE ratio of 16.53 and a beta of 1.62.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating 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 company had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. During the same quarter last year, the company posted $1.77 earnings per share. The company’s revenue for the quarter 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 year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, August 11th. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 40.14%.

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A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in KLA-Tencor Corporation by 2.4% during the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after purchasing an additional 402,970 shares during the last quarter. Primecap Management Co. CA grew its holdings in KLA-Tencor Corporation by 1.0% during the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock valued at $1,345,167,000 after purchasing an additional 140,530 shares during the last quarter. BlackRock Inc. grew its holdings in KLA-Tencor Corporation by 1,865.4% during the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after purchasing an additional 10,573,812 shares during the last quarter. State Street Corp grew its holdings in KLA-Tencor Corporation by 6.7% during the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after purchasing an additional 436,022 shares during the last quarter. Finally, American International Group Inc. grew its holdings in KLA-Tencor Corporation by 1.3% during the first quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock valued at $508,720,000 after purchasing an additional 66,248 shares during the last quarter. Institutional investors own 89.18% of the company’s stock.

Several equities research analysts have issued reports on KLAC shares. Cowen and Company boosted their price objective on shares of KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. UBS AG reiterated a “neutral” rating and set a $110.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. BidaskClub downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus reiterated a “hold” rating and set a $102.00 price objective (up from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc reiterated a “reduce” rating and set a $65.00 price objective on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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