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%.

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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.

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

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