Insider Selling: KLA-Tencor Corporation (KLAC) EVP Sells $373,234.40 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) EVP Ahmad A. Khan sold 3,652 shares of KLA-Tencor Corporation stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $102.20, for a total value of $373,234.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
KLA-Tencor Corporation (NASDAQ KLAC) opened at $104.77 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The stock has a market cap of $16,133.08, a P/E ratio of 15.65 and a beta of 1.68. KLA-Tencor Corporation has a 12-month low of $74.66 and a 12-month high of $110.00.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. equities analysts forecast that KLA-Tencor Corporation will post 7.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.59 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.25%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 36.14%.
A number of equities research analysts have recently weighed in on KLAC shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. 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. Stifel Nicolaus reaffirmed 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. Zacks Investment Research cut KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $107.51.
A number of institutional investors have recently bought and sold shares of the business. Cypress Capital Group acquired a new position in KLA-Tencor Corporation in the third quarter worth approximately $336,000. Cetera Advisor Networks LLC acquired a new position in KLA-Tencor Corporation in the third quarter worth approximately $223,000. IFM Investors Pty Ltd acquired a new position in KLA-Tencor Corporation in the third quarter worth approximately $438,000. California Public Employees Retirement System grew its position in KLA-Tencor Corporation by 7.8% in the third quarter. California Public Employees Retirement System now owns 443,338 shares of the semiconductor company’s stock worth $46,994,000 after buying an additional 32,200 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in KLA-Tencor Corporation by 6.8% in the third quarter. Janney Montgomery Scott LLC now owns 23,673 shares of the semiconductor company’s stock worth $2,509,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.
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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