KLA-Tencor Corporation (KLAC) EVP Sells $161,298.00 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) EVP Teri A. Little sold 1,566 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $103.00, for a total value of $161,298.00. Following the completion of the transaction, the executive vice president now owns 6,892 shares in the company, valued at $709,876. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Teri A. Little also recently made the following trade(s):
- On Monday, November 6th, Teri A. Little sold 3,120 shares of KLA-Tencor Corporation stock. The shares were sold at an average price of $105.77, for a total value of $330,002.40.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) traded up $0.86 during midday trading on Tuesday, reaching $102.51. The company’s stock had a trading volume of 1,615,500 shares, compared to its average volume of 1,236,777. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corporation has a 52 week low of $74.66 and a 52 week high of $110.00. The company has a market capitalization of $16,080.00, a PE ratio of 15.45 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. equities analysts predict that KLA-Tencor Corporation will post 7.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.30%. KLA-Tencor Corporation’s payout ratio is currently 36.20%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. increased its stake in KLA-Tencor Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after acquiring an additional 14 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in KLA-Tencor Corporation by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after acquiring an additional 18 shares during the last quarter. Navellier & Associates Inc increased its stake in KLA-Tencor Corporation by 1.2% during the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 30 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 44 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in KLA-Tencor Corporation by 1.9% during the second quarter. Wetherby Asset Management Inc. now owns 3,107 shares of the semiconductor company’s stock worth $284,000 after acquiring an additional 59 shares during the last quarter. 91.26% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on KLAC. Credit Suisse Group set a $115.00 price objective on KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. BidaskClub downgraded KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. B. Riley restated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a research report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) downgraded KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $108.00 to $97.00 in a research report on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. KLA-Tencor Corporation presently has a consensus rating of “Hold” and an average target price 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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