KLA-Tencor Corporation (KLAC) CFO Sells $852,898.05 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) CFO Bren D. Higgins sold 9,567 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $852,898.05. Following the transaction, the chief financial officer now owns 5,175 shares of the company’s stock, valued at $461,351.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of KLA-Tencor Corporation (KLAC) traded down 1.45% during mid-day trading on Tuesday, hitting $90.68. The stock had a trading volume of 1,319,499 shares. The stock has a market cap of $14.21 billion, a P/E ratio of 15.42 and a beta of 1.62. The firm has a 50 day moving average of $96.19 and a 200-day moving average of $95.29. KLA-Tencor Corporation has a one year low of $66.88 and a one year high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The firm had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. Equities research analysts expect that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.60%. KLA-Tencor Corporation’s payout ratio is currently 36.73%.
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A number of brokerages recently issued reports on KLAC. Cowen and Company boosted their price objective on KLA-Tencor Corporation from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd. B. Riley reiterated a “buy” rating and set a $115.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Needham & Company LLC boosted their price objective on KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research note on Friday, April 28th. Credit Suisse Group reiterated an “outperform” rating and set a $100.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Finally, UBS AG reiterated a “neutral” rating and set a $110.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corporation presently has an average rating of “Hold” and a consensus target price of $98.86.
Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of KLA-Tencor Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after buying an additional 14 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of KLA-Tencor Corporation by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after buying an additional 18 shares in the last quarter. Palo Capital Inc. raised its stake in shares of KLA-Tencor Corporation by 0.5% in the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock worth $739,000 after buying an additional 37 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after buying an additional 44 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in shares of KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock worth $138,000 after buying an additional 45 shares in the last quarter. 91.96% of the stock is currently owned by hedge funds and other institutional investors.
KLA-Tencor Corporation Company Profile
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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