KLA-Tencor Corp. CFO Bren Higgins Sells 1,987 Shares (KLAC)
KLA-Tencor Corp. (NASDAQ:KLAC) CFO Bren Higgins sold 1,987 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $58.96, for a total transaction of $117,153.52. Following the transaction, the chief financial officer now directly owns 29,645 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on KLAC. Analysts at Northland Securities initiated coverage on shares of KLA-Tencor Corp. (NASDAQ:KLAC) in a research note to investors on Wednesday, August 28th. They set a “market perform” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of KLA-Tencor Corp. (NASDAQ:KLAC) in a research note to investors on Wednesday, August 28th. They set an “under perform” rating and a $64.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of KLA-Tencor Corp. (NASDAQ:KLAC) in a research note to investors on Monday, July 29th. They now have a $62.00 price target on the stock.
Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $59.53.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.15% during mid-day trading on Wednesday, hitting $59.72. The stock had a trading volume of 905,220 shares. KLA-Tencor Corp. has a 52 week low of $43.21 and a 52 week high of $60.94. The stock’s 50-day moving average is $57.76 and its 200-day moving average is $55.63. The company has a market cap of $9.897 billion and a price-to-earnings ratio of 18.58.
KLA-Tencor Corp. (NASDAQ:KLAC) last announced its earnings results on Thursday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $705.21 million. During the same quarter in the previous year, the company posted $1.49 earnings per share. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. On average, analysts predict that KLA-Tencor Corp. will post $3.91 earnings per share for the current fiscal year.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
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