KLA-Tencor Corporation (KLAC) EVP Sells $373,234.40 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) EVP Ahmad A. Khan sold 3,652 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $102.20, for a total value of $373,234.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
KLA-Tencor Corporation (NASDAQ KLAC) traded down $0.51 during trading hours on Tuesday, hitting $101.93. The company had a trading volume of 2,259,000 shares, compared to its average volume of 1,221,520. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. KLA-Tencor Corporation has a fifty-two week low of $74.66 and a fifty-two week high of $110.00. The firm has a market cap of $15,920.00, a price-to-earnings ratio of 15.57 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $946.86 million. During the same quarter last year, the company posted $1.16 EPS. KLA-Tencor Corporation’s revenue for the quarter was up 29.2% on a year-over-year basis. analysts anticipate that KLA-Tencor Corporation will post 7.16 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of KLA-Tencor Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after purchasing an additional 402,970 shares during the period. Janus Henderson Group PLC boosted its position in shares of KLA-Tencor Corporation by 4.8% in the 3rd quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after purchasing an additional 208,499 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of KLA-Tencor Corporation by 46.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after purchasing an additional 770,480 shares during the period. Northern Trust Corp boosted its position in shares of KLA-Tencor Corporation by 0.3% in the 2nd quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock valued at $181,960,000 after purchasing an additional 6,922 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of KLA-Tencor Corporation by 375.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after purchasing an additional 885,147 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
A number of brokerages have recently commented on KLAC. B. Riley reissued a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. BidaskClub lowered KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research lowered KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $103.00 price target (up from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Finally, Citigroup Inc. raised their price target on KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corporation presently has a consensus rating of “Hold” and an average price target of $107.51.
About KLA-Tencor Corporation
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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