KLA-Tencor Corp (KLAC) SVP Sells $87,107.36 in Stock
KLA-Tencor Corp (NASDAQ:KLAC) SVP Brian Lorig sold 967 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.08, for a total value of $87,107.36. Following the completion of the sale, the senior vice president now owns 566 shares of the company’s stock, valued at $50,985.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Brian Lorig also recently made the following trade(s):
- On Tuesday, August 1st, Brian Lorig sold 526 shares of KLA-Tencor Corp stock. The shares were sold at an average price of $92.85, for a total value of $48,839.10.
KLA-Tencor Corp (KLAC) traded up 3.19% on Friday, hitting $90.34. The stock had a trading volume of 1,008,352 shares. KLA-Tencor Corp has a 12-month low of $66.89 and a 12-month high of $109.59. The company has a 50 day moving average of $95.27 and a 200 day moving average of $95.56. The company has a market capitalization of $14.17 billion, a PE ratio of 15.36 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corp had a return on equity of 83.07% and a net margin of 27.29%. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. During the same period last year, the business posted $1.77 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that KLA-Tencor Corp will post $6.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 an increase from KLA-Tencor Corp’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.68%. KLA-Tencor Corp’s payout ratio is currently 36.73%.
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KLAC has been the subject of several research reports. Stifel Nicolaus raised KLA-Tencor Corp from a “hold” rating to a “buy” rating and lifted their target price for the company from $103.00 to $106.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. BidaskClub cut KLA-Tencor Corp from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. B. Riley reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corp in a research note on Wednesday, August 2nd. Zacks Investment Research cut KLA-Tencor Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group set a $115.00 target price on KLA-Tencor Corp and gave the company a “buy” rating in a research note on Saturday, July 29th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. KLA-Tencor Corp has a consensus rating of “Hold” and a consensus price target of $98.86.
A number of hedge funds have recently bought and sold shares of KLAC. Nordea Investment Management AB increased its stake in KLA-Tencor Corp by 1.3% in the second quarter. Nordea Investment Management AB now owns 6,586 shares of the semiconductor company’s stock valued at $603,000 after buying an additional 85 shares in the last quarter. Cibc World Markets Corp increased its stake in KLA-Tencor Corp by 521.2% in the second quarter. Cibc World Markets Corp now owns 106,768 shares of the semiconductor company’s stock valued at $9,770,000 after buying an additional 89,580 shares in the last quarter. Quantbot Technologies LP acquired a new stake in KLA-Tencor Corp during the second quarter valued at $9,511,000. M&T Bank Corp increased its stake in KLA-Tencor Corp by 0.6% in the second quarter. M&T Bank Corp now owns 17,633 shares of the semiconductor company’s stock valued at $1,613,000 after buying an additional 110 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in KLA-Tencor Corp by 1.3% in the second quarter. California Public Employees Retirement System now owns 411,138 shares of the semiconductor company’s stock valued at $37,623,000 after buying an additional 5,400 shares in the last quarter. 91.96% of the stock is owned by institutional investors and hedge funds.
KLA-Tencor Corp 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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