KLA-Tencor Corp. (KLAC) Announces Quarterly Dividend of $0.45
KLA-Tencor Corp. (NASDAQ:KLAC) announced a quarterly dividend on Thursday, February 6th, AnalystRatings.Net reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.45 per share on Monday, March 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.91%.
Several analysts have recently commented on the stock. Analysts at RBC Capital downgraded shares of KLA-Tencor Corp. from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday. They now have a $65.00 price target on the stock, down previously from $68.00. On a related note, 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $65.50.
KLA-Tencor Corp. (NASDAQ:KLAC) traded up 1.48% on Thursday, hitting $61.83. The stock had a trading volume of 1,675,841 shares. KLA-Tencor Corp. has a one year low of $50.23 and a one year high of $67.05. The stock’s 50-day moving average is $62.71 and its 200-day moving average is $61.37. The company has a market cap of $10.299 billion and a price-to-earnings ratio of 18.63.
KLA-Tencor Corp. (NASDAQ:KLAC) last released its earnings data on Thursday, January 23rd. The company reported $0.85 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue 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.
In other KLA-Tencor Corp. news, Director Kevin Kennedy sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $61.73, for a total value of $154,325.00. Following the completion of the transaction, the director now directly owns 1,856 shares in the company, valued at approximately $114,571. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.