KLA-Tencor Corporation (KLAC) Insider Sells $192,615.15 in Stock

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%.

TRADEMARK VIOLATION NOTICE: “KLA-Tencor Corporation (KLAC) Insider Sells $192,615.15 in Stock” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/09/11/kla-tencor-corporation-klac-insider-sells-192615-15-in-stock.html.

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.

Insider Buying and Selling by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply