Insider Selling: Virendra A. Kirloskar Unloads 3,088 Shares of KLA-Tencor Stock (KLAC)
KLA-Tencor (NASDAQ:KLAC) CAO Virendra A. Kirloskar sold 3,088 shares of the stock on the open market 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 $218,970.08. Following the completion of the transaction, the chief accounting officer now directly owns 20,137 shares of the company’s stock, valued at approximately $1,427,915. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 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 stock. KLA-Tencor currently has an average rating of “Buy” and an average target price of $75.85.
KLA-Tencor (NASDAQ:KLAC) traded up 0.99% during mid-day trading on Friday, hitting $72.34. The stock had a trading volume of 989,464 shares. KLA-Tencor has a 52 week low of $54.65 and a 52 week high of $75.40. The stock has a 50-day moving average of $72.55 and a 200-day moving average of $67.29. The company has a market cap of $11.973 billion and a price-to-earnings ratio of 20.64.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Thursday, July 24th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.82 earnings per share. KLA-Tencor’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that KLA-Tencor will post $3.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend 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.
Receive News & Ratings for KLA-Tencor Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Co and related companies with Analyst Ratings Network's FREE daily email newsletter.