KLA-Tencor Corp. Director Robert Bond Unloads 10,000 Shares (KLAC)
KLA-Tencor Corp. (NASDAQ:KLAC) Director Robert Bond unloaded 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $65.07, for a total transaction of $650,700.00. Following the sale, the director now directly owns 2,558 shares of the company’s stock, valued at approximately $166,449. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on KLAC. 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 investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $64.31.
KLA-Tencor Corp. (NASDAQ:KLAC) traded down 0.33% on Thursday, hitting $65.60. The stock had a trading volume of 1,329,447 shares. KLA-Tencor Corp. has a 1-year low of $43.21 and a 1-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 P/E ratio of 21.44.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts predict that KLA-Tencor Corp. will post $3.80 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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