KLA-Tencor Corp (NASDAQ:KLAC) Director Emiko Higashi sold 2,141 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total value of $251,417.63. Following the sale, the director now owns 8,780 shares of the company’s stock, valued at $1,031,035.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ KLAC opened at $117.19 on Friday. The firm has a market capitalization of $17.74 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.24 and a beta of 1.61. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $122.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. During the same period in the prior year, the business posted $1.97 earnings per share. On average, sell-side analysts anticipate that KLA-Tencor Corp will post 8.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.56%. KLA-Tencor’s payout ratio is 37.50%.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on KLA-Tencor in a research note on Thursday, March 7th. They set an “overweight” rating and a $160.00 target price for the company. Cowen restated an “outperform” rating and set a $140.00 target price (up from $130.00) on shares of KLA-Tencor in a research note on Thursday, March 7th. Stifel Nicolaus upped their target price on KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Deutsche Bank upped their target price on KLA-Tencor from $105.00 to $115.00 and gave the stock a “hold” rating in a research note on Monday, February 25th. Finally, BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $130.92.

A number of hedge funds and other institutional investors have recently bought and sold shares of KLAC. Belpointe Asset Management LLC acquired a new stake in KLA-Tencor during the 4th quarter worth about $363,000. Norges Bank acquired a new stake in KLA-Tencor during the 4th quarter worth about $157,620,000. FMR LLC grew its holdings in KLA-Tencor by 91.1% during the 4th quarter. FMR LLC now owns 2,103,482 shares of the semiconductor company’s stock worth $188,240,000 after acquiring an additional 1,002,949 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in KLA-Tencor during the 4th quarter worth about $271,000. Finally, Delphi Management Inc. MA acquired a new stake in KLA-Tencor during the 4th quarter worth about $1,006,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

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About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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