KLA-Tencor CEO Richard P. Wallace Sells 12,243 Shares (KLAC)
KLA-Tencor (NASDAQ:KLAC) CEO Richard P. Wallace sold 12,243 shares of the company’s stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $62.27, for a total transaction of $762,371.61. Following the completion of the transaction, the chief executive officer now directly owns 186,725 shares in the company, valued at approximately $11,627,366. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of KLA-Tencor in a research note on Friday, April 25th. They now have a $71.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of KLA-Tencor in a research note on Friday, April 25th. They now have a $70.00 price target on the stock. Finally, analysts at Northland Securities cut their price target on shares of KLA-Tencor from $69.00 to $62.00 in a research note on Friday, April 25th. They now have a “market perform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. KLA-Tencor presently has an average rating of “Hold” and an average price target of $66.40.
KLA-Tencor (NASDAQ:KLAC) traded up 0.82% on Monday, hitting $63.67. 1,081,452 shares of the company’s stock traded hands. KLA-Tencor has a 52-week low of $53.38 and a 52-week high of $71.93. The stock has a 50-day moving average of $65.53 and a 200-day moving average of $64.42. The company has a market cap of $10.558 billion and a P/E ratio of 18.04.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.11. The company had revenue of $832.00 million for the quarter, compared to the consensus estimate of $822.64 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that KLA-Tencor will post $3.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, May 15th.
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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