Virendra A. Kirloskar Sells 6,307 Shares of KLA-Tencor Corporation (KLAC) Stock
KLA-Tencor Corporation (NASDAQ:KLAC) SVP Virendra A. Kirloskar sold 6,307 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total transaction of $562,269.05. Following the transaction, the senior vice president now owns 2,022 shares of the company’s stock, valued at approximately $180,261.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
KLA-Tencor Corporation (KLAC) traded down 1.45% during trading on Tuesday, hitting $90.68. 1,319,499 shares of the stock were exchanged. The company has a 50-day moving average price of $96.19 and a 200 day moving average price of $95.29. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 15.42 and a beta of 1.62. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm’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 EPS. Equities analysts predict that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, August 11th. This is an increase 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 36.73%.
COPYRIGHT VIOLATION WARNING: “Virendra A. Kirloskar Sells 6,307 Shares of KLA-Tencor Corporation (KLAC) Stock” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/virendra-a-kirloskar-sells-6307-shares-of-kla-tencor-corporation-klac-stock.html.
KLAC has been the subject of several research reports. Susquehanna Bancshares Inc restated a “negative” rating on shares of KLA-Tencor Corporation in a research report on Monday, April 17th. Cowen and Company restated an “outperform” rating and set a $115.00 price target (up previously from $96.00) on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Credit Suisse Group restated an “outperform” rating and set a $100.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Needham & Company LLC increased their price target on shares of KLA-Tencor Corporation from $105.00 to $120.00 and gave the company a “strong-buy” rating in a research report on Friday, April 28th. Finally, BidaskClub lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $98.86.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ledyard National Bank bought a new position in shares of KLA-Tencor Corporation during the first quarter worth about $135,000. DnB Asset Management AS increased its position in shares of KLA-Tencor Corporation by 17.4% in the first quarter. DnB Asset Management AS now owns 18,200 shares of the semiconductor company’s stock worth $1,730,000 after buying an additional 2,700 shares during the period. Cohen Capital Management Inc. bought a new position in shares of KLA-Tencor Corporation during the first quarter worth about $119,000. Reliance Trust Co. of Delaware bought a new position in shares of KLA-Tencor Corporation during the first quarter worth about $366,000. Finally, Affinity Wealth Management bought a new position in shares of KLA-Tencor Corporation during the first quarter worth about $233,000. Institutional investors own 91.96% of the company’s stock.
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.
Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.