KLA-Tencor Corporation (NASDAQ:KLAC) EVP Ahmad A. Khan sold 4,066 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total transaction of $362,483.90. Following the transaction, the executive vice president now directly owns 5,489 shares in the company, valued at approximately $489,344.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 1.45% during mid-day trading on Tuesday, reaching $90.68. 1,319,499 shares of the company’s stock were exchanged. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 15.42 and a beta of 1.62. KLA-Tencor Corporation has a 52 week low of $66.88 and a 52 week high of $109.59. The stock has a 50 day moving average price of $96.19 and a 200 day moving average price of $95.29.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.05. The business 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 company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. Equities research analysts predict that KLA-Tencor Corporation will post $6.70 EPS for the current year.

The company also recently disclosed 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. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, August 11th. KLA-Tencor Corporation’s payout ratio is currently 36.73%.

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Several brokerages have recently weighed in on KLAC. Stifel Nicolaus raised shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $103.00 to $106.00 in a research report on Sunday. They noted that the move was a valuation call. BidaskClub cut shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley reaffirmed a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group set a $115.00 target price on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. Three equities 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 given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $98.86.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock worth $1,566,668,000 after buying an additional 482,997 shares during the period. Primecap Management Co. CA increased its position in KLA-Tencor Corporation by 1.0% in the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock worth $1,345,167,000 after buying an additional 140,530 shares during the period. BlackRock Inc. increased its position in KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock worth $1,059,142,000 after buying an additional 10,573,812 shares during the period. State Street Corp increased its position in KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock worth $656,105,000 after buying an additional 436,022 shares during the period. Finally, American International Group Inc. increased its position in KLA-Tencor Corporation by 1.3% in the first quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock worth $508,720,000 after buying an additional 66,248 shares during the period. 91.96% of the stock is currently owned by institutional investors and hedge funds.

About KLA-Tencor Corporation

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.

Insider Buying and Selling by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

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