KLA-Tencor Corporation (NASDAQ:KLAC) EVP Teri A. Little sold 1,678 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $109.44, for a total transaction of $183,640.32. Following the completion of the transaction, the executive vice president now owns 8,452 shares of the company’s stock, valued at approximately $924,986.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, November 14th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 36.14%.

COPYRIGHT VIOLATION NOTICE: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/kla-tencor-corporation-klac-evp-sells-183640-32-in-stock.html.

Several research firms have recently weighed in on KLAC. B. Riley reiterated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, July 28th. Stifel Nicolaus increased their target price on shares of KLA-Tencor Corporation from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Citigroup Inc. increased their target price on shares of KLA-Tencor Corporation from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 target price on shares of KLA-Tencor Corporation in a report on Friday, October 27th. Finally, BidaskClub cut shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $107.51.

Several large investors have recently modified their holdings of KLAC. Thrivent Financial For Lutherans boosted its holdings in shares of KLA-Tencor Corporation by 7.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock worth $545,000 after buying an additional 420 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of KLA-Tencor Corporation by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 605,229 shares of the semiconductor company’s stock worth $57,541,000 after buying an additional 38,591 shares during the last quarter. Morgan Stanley boosted its holdings in shares of KLA-Tencor Corporation by 30.4% in the 1st quarter. Morgan Stanley now owns 244,885 shares of the semiconductor company’s stock worth $23,282,000 after buying an additional 57,058 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of KLA-Tencor Corporation by 169.2% in the 1st quarter. Jane Street Group LLC now owns 2,492 shares of the semiconductor company’s stock worth $237,000 after buying an additional 6,092 shares during the last quarter. Finally, Pensionfund DSM Netherlands purchased a new position in shares of KLA-Tencor Corporation in the 2nd quarter worth about $2,745,000. 89.08% 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.

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

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.