KLA-Tencor Corporation (KLAC) Insider Sells $192,615.15 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) insider Brian M. Trafas sold 2,055 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total value of $192,615.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Brian M. Trafas also recently made the following trade(s):
- On Tuesday, August 8th, Brian M. Trafas sold 878 shares of KLA-Tencor Corporation stock. The stock was sold at an average price of $91.99, for a total value of $80,767.22.
Shares of KLA-Tencor Corporation (KLAC) traded down 1.02% during midday trading on Friday, reaching $94.35. The company’s stock had a trading volume of 675,452 shares. The stock’s 50 day moving average is $93.08 and its 200 day moving average is $96.40. The stock has a market capitalization of $14.80 billion, a PE ratio of 16.05 and a beta of 1.62. KLA-Tencor Corporation has a 12 month low of $68.43 and a 12 month high of $109.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $1.77 earnings per share. On average, analysts forecast that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $2.36 annualized dividend and a dividend yield of 2.50%. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio is currently 40.14%.
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KLAC has been the subject of a number of analyst reports. Cowen and Company increased their target price on KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. UBS AG reissued a “neutral” rating and set a $110.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. BidaskClub downgraded KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus reissued a “hold” rating and set a $102.00 target price (up from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, Susquehanna Bancshares Inc reissued a “reduce” rating and set a $65.00 target price on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $98.86.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sun Life Financial INC increased its holdings in shares of 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 in the last quarter. Grove Bank & Trust increased its holdings in shares of 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 in the last quarter. Trust Co. of Vermont increased its holdings in shares of 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 in the last quarter. IFP Advisors Inc increased its holdings in shares of 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 in the last quarter. Finally, Invictus RG bought a new position in shares of KLA-Tencor Corporation in the first quarter valued at $202,000. 89.18% of the stock is currently owned by institutional investors.
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.
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