KLA-Tencor Corporation (NASDAQ:KLAC) insider Bobby R. Bell sold 3,199 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $324,762.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of KLA-Tencor Corporation (KLAC) traded down $0.51 during trading hours on Tuesday, hitting $101.93. The company had a trading volume of 2,259,000 shares, compared to its average volume of 1,221,520. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. KLA-Tencor Corporation has a twelve month low of $74.66 and a twelve month high of $110.00. The stock has a market capitalization of $15,920.00, a price-to-earnings ratio of 15.57 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data 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. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $946.86 million. During the same period last year, the company earned $1.16 earnings per share. KLA-Tencor Corporation’s quarterly revenue was up 29.2% compared to the same quarter last year. sell-side analysts anticipate that KLA-Tencor Corporation will post 7.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.32%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 36.20%.
A number of hedge funds and other institutional investors have recently bought and sold shares of KLAC. Sun Life Financial INC increased its stake in shares of 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 worth $105,000 after purchasing an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of KLA-Tencor Corporation by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares during the period. Grove Bank & Trust increased its stake in shares of KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares during the period. Bristlecone Advisors LLC bought a new position in shares of KLA-Tencor Corporation in the third quarter worth about $148,000. Finally, Checchi Capital Advisers LLC increased its stake in shares of KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after purchasing an additional 44 shares during the period. Institutional investors own 89.87% of the company’s stock.
Several analysts recently commented on the company. J P Morgan Chase & Co restated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, October 27th. B. Riley restated a “buy” rating and issued a $129.00 target price (up from $120.00) on shares of KLA-Tencor Corporation in a research report on Friday, October 27th. Citigroup Inc. raised their target price on KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Thursday, October 19th. Finally, Stifel Nicolaus increased their price target on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corporation presently has a consensus rating of “Hold” and an average price target of $107.51.
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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