Insider Selling: KLA-Tencor Corp (KLAC) EVP Sells 2,975 Shares of Stock

KLA-Tencor Corp (NASDAQ:KLAC) EVP Ahmad A. Khan sold 2,975 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $99.71, for a total value of $296,637.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of KLA-Tencor Corp (NASDAQ KLAC) traded up $0.30 during trading on Tuesday, reaching $104.21. The company had a trading volume of 2,017,399 shares, compared to its average volume of 1,574,817. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. The company has a market capitalization of $15,802.97, a price-to-earnings ratio of 25.02 and a beta of 1.53. KLA-Tencor Corp has a 1 year low of $86.36 and a 1 year high of $121.65.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.73 by $0.24. The firm had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. KLA-Tencor’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. equities analysts anticipate that KLA-Tencor Corp will post 7.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, February 14th. KLA-Tencor’s dividend payout ratio is currently 56.87%.

A number of research analysts have commented on the company. ValuEngine upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup boosted their price objective on KLA-Tencor from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Zacks Investment Research lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $134.00 target price (up from $124.00) on shares of KLA-Tencor in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. KLA-Tencor presently has an average rating of “Buy” and a consensus price target of $118.54.

A number of institutional investors have recently made changes to their positions in the stock. Navellier & Associates Inc increased its holdings in KLA-Tencor by 1.2% in the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 30 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in KLA-Tencor by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 190 shares during the last quarter. National Asset Management Inc. increased its holdings in KLA-Tencor by 6.6% in the second quarter. National Asset Management Inc. now owns 3,681 shares of the semiconductor company’s stock valued at $338,000 after buying an additional 227 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in KLA-Tencor by 1.6% in the third quarter. AlphaMark Advisors LLC now owns 31,061 shares of the semiconductor company’s stock valued at $3,292,000 after buying an additional 488 shares during the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in KLA-Tencor by 1.4% in the third quarter. Xact Kapitalforvaltning AB now owns 35,140 shares of the semiconductor company’s stock valued at $3,725,000 after buying an additional 492 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

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KLA-Tencor 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 (NASDAQ:KLAC)

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