KLA-Tencor Corporation (KLAC) EVP Sells $183,640.32 in Stock
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%.
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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.
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