Insider Selling: KLA-Tencor VP Sells 6,178 Shares of Stock (KLAC)
KLA-Tencor (NASDAQ:KLAC) VP Brian Martin sold 6,178 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $70.91, for a total value of $438,081.98. Following the completion of the transaction, the vice president now directly owns 15,537 shares of the company’s stock, valued at approximately $1,101,729. The sale was disclosed in a legal filing with the SEC, which is available at this link.
KLAC has been the subject of a number of recent research reports. 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. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. KLA-Tencor has an average rating of “Buy” and a consensus price target of $75.85.
KLA-Tencor (NASDAQ:KLAC) traded up 0.99% on Friday, hitting $72.34. The stock had a trading volume of 989,464 shares. KLA-Tencor has a 1-year low of $54.65 and a 1-year high of $75.40. The stock’s 50-day moving average is $72.55 and its 200-day moving average is $67.29. The company has a market cap of $11.973 billion and a P/E ratio of 20.64.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.80 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that KLA-Tencor will post $3.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, August 14th. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.45.
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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