KLA-Tencor Corporation (NASDAQ:KLAC) EVP Ahmad A. Khan sold 3,652 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $102.20, for a total transaction of $373,234.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of KLA-Tencor Corporation (KLAC) opened at $102.95 on Thursday. KLA-Tencor Corporation has a 52-week low of $74.66 and a 52-week high of $110.00. The firm has a market capitalization of $16,007.71, a price-to-earnings ratio of 15.52 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. equities research analysts predict that KLA-Tencor Corporation will post 7.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.29%. KLA-Tencor Corporation’s payout ratio is currently 36.14%.
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Several hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC bought a new stake in shares of KLA-Tencor Corporation in the third quarter valued at about $223,000. IFM Investors Pty Ltd purchased a new position in KLA-Tencor Corporation in the third quarter valued at about $438,000. California Public Employees Retirement System grew its stake 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 valued at $46,994,000 after purchasing an additional 32,200 shares during the last quarter. Janney Montgomery Scott LLC grew its stake 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 valued at $2,509,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in KLA-Tencor Corporation in the third quarter valued at about $212,000. Hedge funds and other institutional investors own 89.87% of the company’s stock.
Several brokerages have recently weighed in on KLAC. KeyCorp reiterated a “hold” rating on shares of KLA-Tencor Corporation in a research note on Sunday, October 15th. B. Riley reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. BidaskClub lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus raised shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 target price for the company in a report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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