KLA-Tencor Corporation (NASDAQ:KLAC) SVP Virendra A. Kirloskar sold 1,020 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $95,604.60. Following the transaction, the senior vice president now owns 297 shares of the company’s stock, valued at approximately $27,837.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

KLA-Tencor Corporation (KLAC) traded down 1.02% during mid-day trading on Friday, reaching $94.35. 675,452 shares of the company traded hands. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week high of $109.59. The firm’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 (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $923.80 million. During the same quarter last year, the company earned $1.77 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.59 per share. The ex-dividend date was Friday, August 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 40.14%.

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Several research analysts have commented on the stock. UBS AG reiterated a “neutral” rating and set a $110.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, June 13th. B. Riley reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, July 28th. BidaskClub cut shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research cut shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $98.86.

A number of institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc boosted its holdings in KLA-Tencor Corporation by 1.2% in the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 30 shares during the period. USA Financial Portformulas Corp boosted its holdings in KLA-Tencor Corporation by 76.9% in the second quarter. USA Financial Portformulas Corp now owns 71,741 shares of the semiconductor company’s stock worth $6,565,000 after purchasing an additional 31,195 shares during the period. Toronto Dominion Bank boosted its holdings in KLA-Tencor Corporation by 25.6% in the second quarter. Toronto Dominion Bank now owns 53,105 shares of the semiconductor company’s stock worth $4,858,000 after purchasing an additional 10,813 shares during the period. Oak Associates Ltd. OH boosted its holdings in KLA-Tencor Corporation by 3.7% in the second quarter. Oak Associates Ltd. OH now owns 503,548 shares of the semiconductor company’s stock worth $46,080,000 after purchasing an additional 18,101 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in KLA-Tencor Corporation by 99.1% in the second quarter. Advisory Services Network LLC now owns 4,224 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 2,102 shares during the period. 89.18% of the stock is owned by hedge funds and other 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.

Insider Buying and Selling by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

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