Insider Selling: Michael Kirk Sells 1,596 Shares of KLA-Tencor Stock (KLAC)
KLA-Tencor (NASDAQ:KLAC) EVP Michael Kirk sold 1,596 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $72.30, for a total value of $115,390.80. Following the transaction, the executive vice president now directly owns 74,062 shares of the company’s stock, valued at approximately $5,354,683. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
KLA-Tencor (NASDAQ:KLAC) traded up 0.36% during mid-day trading on Monday, hitting $72.60. 974,094 shares of the company’s stock traded hands. KLA-Tencor has a 52-week low of $54.65 and a 52-week high of $75.40. The stock’s 50-day moving average is $72.73 and its 200-day moving average is $67.39. The company has a market cap of $12.016 billion and a P/E ratio of 20.85.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results 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. Analysts expect that KLA-Tencor will post $3.81 EPS 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 2.76%. 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.
Several analysts have recently commented on the stock. 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. KLA-Tencor presently has a consensus rating of “Buy” and an average price target of $75.85.
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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