Insider Selling: Edward Barnholt Sells 20,625 Shares of KLA-Tencor Corp. Stock (KLAC)
KLA-Tencor Corp. (NASDAQ:KLAC) Chairman Edward Barnholt unloaded 20,625 shares of KLA-Tencor Corp. stock on the open market in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $64.85, for a total value of $1,337,531.25. Following the sale, the chairman now directly owns 3,836 shares of the company’s stock, valued at approximately $248,765. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded down 0.33% on Thursday, hitting $65.60. 1,329,447 shares of the company’s stock traded hands. KLA-Tencor Corp. has a one year low of $43.21 and a one year high of $60.94. The stock has a 50-day moving average of $62.03 and a 200-day moving average of $57.85. The company has a market cap of $10.882 billion and a price-to-earnings ratio of 21.44.
KLA-Tencor Corp. (NASDAQ:KLAC) last announced its earnings results on Thursday, October 24th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.02. The company had revenue of $658.30 million for the quarter, compared to the consensus estimate of $657.50 million. During the same quarter last year, the company posted $0.84 earnings per share. KLA-Tencor Corp.’s revenue was down 8.7% compared to the same quarter last year. On average, analysts predict that KLA-Tencor Corp. will post $3.80 earnings per share for the current fiscal year.
KLAC has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of KLA-Tencor Corp. from $63.50 to $70.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of KLA-Tencor Corp. in a research note to investors on Monday. They now have a $67.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of KLA-Tencor Corp. from $66.00 to $72.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $64.31.
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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