Insider Selling: Kevin Kennedy Unloads 2,500 Shares of KLA-Tencor Corp. Stock (KLAC)
KLA-Tencor Corp. (NASDAQ:KLAC) Director Kevin Kennedy sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $61.73, for a total value of $154,325.00. Following the completion of the sale, the director now directly owns 1,856 shares of the company’s stock, valued at approximately $114,571. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.26% on Thursday, hitting $61.68. The stock had a trading volume of 1,498,139 shares. KLA-Tencor Corp. has a one year low of $50.23 and a one year high of $67.05. The stock has a 50-day moving average of $62.84 and a 200-day moving average of $61.33. The company has a market cap of $10.264 billion and a price-to-earnings ratio of 18.81.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $705.06 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that KLA-Tencor Corp. will post $3.80 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of KLA-Tencor Corp. in a research note to investors on Friday, January 24th. They now have a $67.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of KLA-Tencor Corp. from $65.00 to $68.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of KLA-Tencor Corp. from $62.00 to $67.00 in a research note to investors on Friday, January 24th. They now have a “market perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. KLA-Tencor Corp. presently has a consensus rating of “Buy” and an average price target of $65.71.
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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