KLA-Tencor Corporation (KLAC) Insider Richard P. Wallace Sells 37,377 Shares
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%.
ILLEGAL ACTIVITY WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/08/16/kla-tencor-corporation-klac-insider-richard-p-wallace-sells-37377-shares.html.
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.
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.