Insider Selling: KLA-Tencor Director Sells 1,250 Shares of Stock (KLAC)
KLA-Tencor (NASDAQ:KLAC) Director Robert T. Bond sold 1,250 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $72.09, for a total value of $90,112.50. Following the sale, the director now directly owns 1,856 shares in the company, valued at approximately $133,799. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on KLAC shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of KLA-Tencor in a research note on Friday, July 25th. They now have a $75.00 price target on the stock, up previously from $72.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of KLA-Tencor in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $82.00. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of KLA-Tencor in a research note on Friday, July 25th. They now have a $67.00 price target on the stock, up previously from $65.00. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. KLA-Tencor currently has an average rating of “Buy” and a consensus price target of $74.93.
Shares of KLA-Tencor (NASDAQ:KLAC) traded up 0.20% during mid-day trading on Friday, hitting $71.631. 1,381,097 shares of the company’s stock traded hands. KLA-Tencor has a one year low of $54.65 and a one year high of $75.40. The stock’s 50-day moving average is $72.11 and its 200-day moving average is $66.95. The company has a market cap of $11.856 billion and a price-to-earnings ratio of 20.60.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.06. The company had revenue of $734.00 million for the quarter, compared to the consensus estimate of $733.71 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that KLA-Tencor will post $3.82 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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