KLA-Tencor Corp (KLAC) Declares Dividend Increase – $0.75 Per Share

KLA-Tencor Corp (NASDAQ:KLAC) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders of record on Tuesday, May 15th will be given a dividend of 0.75 per share by the semiconductor company on Friday, June 1st. This represents a $3.00 annualized dividend and a yield of 2.88%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.59.

Shares of KLA-Tencor (NASDAQ:KLAC) traded up $0.30 during midday trading on Wednesday, hitting $104.21. The stock had a trading volume of 2,036,300 shares, compared to its average volume of 1,526,024. KLA-Tencor has a twelve month low of $86.69 and a twelve month high of $121.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. The firm has a market capitalization of $16,274.40, a PE ratio of 14.78 and a beta of 1.53.

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

A number of brokerages have recently weighed in on KLAC. BidaskClub cut KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. B. Riley reissued a “buy” rating and set a $142.00 target price (up from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. ValuEngine raised KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded KLA-Tencor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Argus started coverage on KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. KLA-Tencor currently has an average rating of “Buy” and an average price target of $120.57.

In other news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the sale, the director now directly owns 15,229 shares of the company’s stock, valued at $1,542,088.54. The disclosure for this sale can be found here. Insiders sold a total of 36,407 shares of company stock valued at $3,928,239 over the last three months. Company insiders own 0.20% of the company’s stock.

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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.

Dividend History for KLA-Tencor (NASDAQ:KLAC)

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