KLA-Tencor Corporation (KLAC) Insider Sells $446,940.36 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) insider Bobby R. Bell sold 4,236 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $105.51, for a total value of $446,940.36. Following the completion of the sale, the insider now owns 8,908 shares in the company, valued at $939,883.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 102.84 on Wednesday. KLA-Tencor Corporation has a 12-month low of $70.03 and a 12-month high of $109.59. The firm has a market cap of $16.13 billion, a PE ratio of 17.49 and a beta of 1.68. The firm’s 50-day moving average is $96.30 and its 200-day moving average is $97.58.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. 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 previous year, the company earned $1.77 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that KLA-Tencor Corporation will post $6.70 earnings per share for the current fiscal year.
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Several research analysts recently commented on the company. 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 report on Friday, June 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $102.00 price target (up previously from $92.00) on shares of KLA-Tencor Corporation in a research report on Monday, June 19th. Susquehanna Bancshares Inc reaffirmed a “reduce” rating and issued a $65.00 price target on shares of KLA-Tencor Corporation in a research report on Wednesday, June 28th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $99.40.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sun Life Financial INC raised its position in shares of KLA-Tencor Corporation by 14,300.0% in the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,144 shares in the last quarter. Grove Bank & Trust boosted its stake in shares of KLA-Tencor Corporation by 30.2% during the 2nd 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 last quarter. Invictus RG purchased a new position in shares of KLA-Tencor Corporation during the 1st quarter valued at approximately $202,000. Checchi Capital Advisers LLC boosted its stake in shares of KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 44 shares during the last quarter. Finally, IBM Retirement Fund boosted its stake in shares of KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 89.16% of the company’s stock.
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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