KLA-Tencor Corporation (NASDAQ:KLAC) CFO Bren D. Higgins sold 9,567 shares of KLA-Tencor Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $852,898.05. Following the sale, the chief financial officer now directly owns 5,175 shares in the company, valued at $461,351.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
KLA-Tencor Corporation (NASDAQ:KLAC) opened at 90.26 on Friday. KLA-Tencor Corporation has a one year low of $66.89 and a one year high of $109.59. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 15.35 and a beta of 1.62. The company has a 50-day moving average of $94.47 and a 200-day moving average of $95.84.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The company 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 revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.77 earnings per share. On average, equities analysts forecast that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.59 dividend. The ex-dividend date is Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.61%. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 40.14%.
COPYRIGHT VIOLATION WARNING: This story was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/08/19/kla-tencor-corporation-nasdaqklac-cfo-sells-852898-05-in-stock-updated.html.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of KLA-Tencor Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 280,996 shares of the semiconductor company’s stock valued at $22,109,000 after buying an additional 78,692 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in shares of KLA-Tencor Corporation by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,109 shares of the semiconductor company’s stock valued at $12,844,000 after buying an additional 4,488 shares during the period. Raymond James Trust N.A. acquired a new position in shares of KLA-Tencor Corporation during the first quarter valued at about $209,000. Creative Planning boosted its position in shares of KLA-Tencor Corporation by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 996 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in shares of KLA-Tencor Corporation by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock valued at $4,800,000 after buying an additional 1,600 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. BidaskClub cut KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Credit Suisse Group set a $115.00 price objective on KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. B. Riley reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. UBS AG reiterated a “neutral” rating and set a $110.00 target price on shares of KLA-Tencor Corporation in a report on Tuesday, June 13th. Finally, Needham & Company LLC lifted their target price on shares of KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $98.86.
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.
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.
