KLA-Tencor Corporation (NASDAQ:KLAC) insider Brian M. Trafas sold 2,055 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $192,615.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Brian M. Trafas also recently made the following trade(s):
- On Tuesday, August 8th, Brian M. Trafas sold 878 shares of KLA-Tencor Corporation stock. The stock was sold at an average price of $91.99, for a total transaction of $80,767.22.
Shares of KLA-Tencor Corporation (KLAC) opened at 94.35 on Monday. The company’s 50-day moving average is $92.87 and its 200 day moving average is $96.39. KLA-Tencor Corporation has a 1-year low of $68.43 and a 1-year high of $109.59. The stock has a market cap of $14.80 billion, a P/E ratio of 16.05 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. KLA-Tencor Corporation’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 EPS. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a dividend of $0.59 per share. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a dividend 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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KLAC has been the topic of a number of research analyst reports. BidaskClub lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Credit Suisse Group set a $115.00 price target on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a report on Saturday, July 29th. B. Riley reiterated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. Finally, Stifel Nicolaus upgraded shares of 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. Three equities 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. KLA-Tencor Corporation presently has an average rating of “Hold” and a consensus target price of $98.86.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of KLA-Tencor Corporation by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock worth $1,544,879,000 after buying an additional 402,970 shares during the period. Primecap Management Co. CA boosted its holdings in shares of KLA-Tencor Corporation by 1.0% during the 1st quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock worth $1,345,167,000 after buying an additional 140,530 shares during the period. BlackRock Inc. boosted its holdings in shares of KLA-Tencor Corporation by 1,865.4% during the 1st quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock worth $1,059,142,000 after buying an additional 10,573,812 shares during the period. State Street Corp boosted its holdings in shares of KLA-Tencor Corporation by 6.7% during the 1st quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock worth $656,105,000 after buying an additional 436,022 shares during the period. Finally, American International Group Inc. boosted its holdings in shares of KLA-Tencor Corporation by 1.3% during the 1st quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock worth $508,720,000 after buying an additional 66,248 shares during the period. 89.18% of the stock is owned by institutional investors and hedge funds.
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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