KLA-Tencor Corporation (KLAC) CFO Sells $239,855.07 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) CFO Bren D. Higgins sold 2,559 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total value of $239,855.07. Following the sale, the chief financial officer now directly owns 854 shares in the company, valued at approximately $80,045.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
KLA-Tencor Corporation (NASDAQ:KLAC) traded down 1.02% on Friday, reaching $94.35. 675,452 shares of the company’s stock traded hands. The firm has a market capitalization of $14.80 billion, a PE ratio of 16.05 and a beta of 1.62. The firm’s 50 day moving average price is $93.08 and its 200 day moving average price is $96.40. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. During the same period in the prior year, the business posted $1.77 earnings per share. KLA-Tencor Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a $0.59 dividend. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio is currently 40.14%.
COPYRIGHT VIOLATION WARNING: “KLA-Tencor Corporation (KLAC) CFO Sells $239,855.07 in Stock” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/08/kla-tencor-corporation-klac-cfo-sells-239855-07-in-stock.html.
A number of hedge funds and other institutional investors have recently made changes to their positions in KLAC. Sun Life Financial INC lifted its holdings in KLA-Tencor Corporation by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,144 shares during the period. Grove Bank & Trust lifted its holdings in KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 290 shares during the period. Trust Co. of Vermont lifted its holdings in KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 45 shares during the period. IFP Advisors Inc lifted its holdings in KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 928 shares during the period. Finally, Invictus RG acquired a new position in KLA-Tencor Corporation in the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 89.18% of the company’s stock.
A number of research firms have recently weighed in on KLAC. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Credit Suisse Group reaffirmed an “outperform” rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the 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.