KLA-Tencor Corp (NASDAQ:KLAC) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.85 per share by the semiconductor company on Tuesday, December 3rd. This represents a $3.40 annualized dividend and a dividend yield of 1.97%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.75.
Shares of NASDAQ KLAC traded up $0.54 during trading on Wednesday, hitting $172.52. The company had a trading volume of 1,397,893 shares, compared to its average volume of 1,567,958. The stock has a fifty day simple moving average of $162.16 and a two-hundred day simple moving average of $134.54. KLA-Tencor has a fifty-two week low of $80.65 and a fifty-two week high of $175.43. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.48 and a beta of 1.72. The company has a quick ratio of 1.60, a current ratio of 2.24 and a debt-to-equity ratio of 1.18.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.28. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.35 billion. KLA-Tencor had a net margin of 23.03% and a return on equity of 54.53%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 earnings per share. On average, analysts anticipate that KLA-Tencor will post 9.88 earnings per share for the current year.
A number of research firms recently weighed in on KLAC. Cowen boosted their price target on shares of KLA-Tencor from $170.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Bank of America boosted their price target on shares of KLA-Tencor from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research report on Wednesday, September 18th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research report on Tuesday, October 29th. Finally, KeyCorp boosted their target price on shares of KLA-Tencor from $162.00 to $204.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Buy” and an average target price of $176.08.
In other news, EVP Teri A. Little sold 3,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $141.62, for a total value of $428,966.98. Following the sale, the executive vice president now directly owns 5,791 shares of the company’s stock, valued at approximately $820,121.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Kennedy sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $136.32, for a total transaction of $340,800.00. Following the completion of the sale, the director now directly owns 2,072 shares in the company, valued at $282,455.04. The disclosure for this sale can be found here. Insiders sold a total of 30,410 shares of company stock worth $4,444,077 over the last three months. Insiders own 0.19% of the company’s stock.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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