KLA-Tencor EVP Sells $411,673 in Stock (KLAC)
KLA-Tencor (NASDAQ:KLAC) EVP Bobby R. Bell sold 5,740 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $71.72, for a total value of $411,672.80. Following the completion of the sale, the executive vice president now directly owns 29,951 shares in the company, valued at approximately $2,148,086. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of 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 1-year low of $54.65 and a 1-year high of $75.40. The stock has a 50-day moving average of $72.73 and a 200-day moving average of $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 released its earnings data 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 announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 2.76%. The ex-dividend date is Thursday, August 14th. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.45.
A number of research firms have recently commented on KLAC. 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 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 stock. The stock presently has a consensus rating of “Buy” and a consensus 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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