KLA-Tencor Corporation (NASDAQ:KLAC) insider Richard P. Wallace sold 37,377 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $90.86, for a total value of $3,396,074.22. Following the transaction, the insider now owns 58,831 shares of the company’s stock, valued at $5,345,384.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

KLA-Tencor Corporation (NASDAQ KLAC) traded up 0.94% during mid-day trading on Wednesday, reaching $91.88. The company’s stock had a trading volume of 769,470 shares. KLA-Tencor Corporation has a 12-month low of $66.89 and a 12-month high of $109.59. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 15.63 and a beta of 1.62. The firm’s 50 day moving average price is $94.76 and its 200 day moving average price is $95.89.

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, topping the Zacks’ consensus estimate of $1.59 by $0.05. The company 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. On average, equities analysts predict that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 represents a $2.36 dividend on an annualized basis and a yield of 2.57%. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is 40.14%.

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A number of institutional investors have recently added to or reduced their stakes in KLAC. Colony Group LLC bought a new position in KLA-Tencor Corporation during the second quarter worth $5,164,000. Koch Industries Inc. raised its position in KLA-Tencor Corporation by 16,899.5% in the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock worth $737,000 after buying an additional 740,876 shares during the period. Verition Fund Management LLC raised its position in KLA-Tencor Corporation by 29.5% in the second quarter. Verition Fund Management LLC now owns 12,492 shares of the semiconductor company’s stock worth $1,143,000 after buying an additional 2,848 shares during the period. National Asset Management Inc. raised its position in KLA-Tencor Corporation by 6.6% in the second quarter. National Asset Management Inc. now owns 3,681 shares of the semiconductor company’s stock worth $338,000 after buying an additional 227 shares during the period. Finally, Castleark Management LLC acquired a new position in shares of KLA-Tencor Corporation during the second quarter valued at approximately $404,000. 91.77% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on the company. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. B. Riley reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. UBS AG reiterated a “neutral” rating and set a $110.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, June 13th. Finally, Needham & Company LLC increased their target price on 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. 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 company’s stock. KLA-Tencor Corporation currently has an average rating of “Hold” and a consensus price target of $98.86.

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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