Insider Selling: KLA-Tencor Corp (KLAC) Director Sells 1,775 Shares of Stock

KLA-Tencor Corp (NASDAQ:KLAC) Director Emiko Higashi sold 1,775 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $120.00, for a total transaction of $213,000.00. Following the completion of the sale, the director now owns 9,519 shares in the company, valued at $1,142,280. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Emiko Higashi also recently made the following trade(s):

  • On Thursday, January 18th, Emiko Higashi sold 2,375 shares of KLA-Tencor stock. The shares were sold at an average price of $115.00, for a total transaction of $273,125.00.
  • On Tuesday, January 2nd, Emiko Higashi sold 500 shares of KLA-Tencor stock. The shares were sold at an average price of $105.84, for a total transaction of $52,920.00.
  • On Friday, December 1st, Emiko Higashi sold 500 shares of KLA-Tencor stock. The shares were sold at an average price of $101.26, for a total transaction of $50,630.00.
  • On Wednesday, November 1st, Emiko Higashi sold 500 shares of KLA-Tencor stock. The shares were sold at an average price of $110.00, for a total transaction of $55,000.00.

KLA-Tencor Corp (NASDAQ KLAC) traded down $1.31 during trading hours on Monday, reaching $112.13. 1,415,376 shares of the company traded hands, compared to its average volume of 1,471,536. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03. KLA-Tencor Corp has a twelve month low of $84.57 and a twelve month high of $121.65. The firm has a market cap of $17,766.98, a P/E ratio of 27.02 and a beta of 1.63.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The firm had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. During the same quarter last year, the business earned $1.52 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. equities analysts predict that KLA-Tencor Corp will post 7.49 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. TIAA FSB raised its holdings in KLA-Tencor by 3.5% during the 4th quarter. TIAA FSB now owns 19,511 shares of the semiconductor company’s stock worth $2,050,000 after purchasing an additional 668 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in KLA-Tencor during the 4th quarter worth approximately $815,000. Highland Capital Management LLC bought a new position in KLA-Tencor during the 4th quarter worth approximately $560,000. Commerzbank Aktiengesellschaft FI raised its holdings in KLA-Tencor by 22.0% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,916 shares of the semiconductor company’s stock worth $622,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Underhill Investment Management LLC bought a new position in KLA-Tencor during the 4th quarter worth approximately $257,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

A number of equities research analysts have recently weighed in on KLAC shares. KeyCorp upgraded shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Monday, December 18th. Needham & Company LLC downgraded shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 target price on the stock. in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, December 27th. Stifel Nicolaus lifted their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Citigroup lifted their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $118.41.

ILLEGAL ACTIVITY WARNING: “Insider Selling: KLA-Tencor Corp (KLAC) Director Sells 1,775 Shares of Stock” was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/29/insider-selling-kla-tencor-corp-klac-director-sells-1775-shares-of-stock.html.

About KLA-Tencor

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 (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply