KLA-Tencor Corporation (NASDAQ:KLAC) insider Brian M. Trafas sold 3,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $86.89, for a total value of $266,230.96. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at approximately $434,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
KLA-Tencor Corporation (NASDAQ:KLAC) opened at 86.64 on Monday. KLA-Tencor Corporation has a 12-month low of $64.16 and a 12-month high of $88.12. The stock has a 50 day moving average of $82.55 and a 200 day moving average of $75.90. The company has a market cap of $13.58 billion, a PE ratio of 15.75 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 26th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. The business had revenue of $877 million for the quarter, compared to the consensus estimate of $838.78 million. KLA-Tencor Corporation had a net margin of 26.50% and a return on equity of 120.32%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. Equities analysts expect that KLA-Tencor Corporation will post $5.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, February 13th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 39.27%.
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KLAC has been the topic of a number of research analyst reports. Vetr upgraded KLA-Tencor Corporation from a “buy” rating to a “strong-buy” rating and set a $83.21 target price on the stock in a research note on Tuesday, November 1st. Summit Redstone downgraded KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Cowen and Company boosted their target price on KLA-Tencor Corporation from $85.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. Needham & Company LLC boosted their target price on KLA-Tencor Corporation from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 27th. Finally, Zacks Investment Research upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corporation has a consensus rating of “Buy” and a consensus price target of $87.83.
Hedge funds have recently added to or reduced their stakes in the stock. FIL Ltd increased its stake in KLA-Tencor Corporation by 256.1% in the fourth quarter. FIL Ltd now owns 1,291,772 shares of the company’s stock valued at $101,637,000 after buying an additional 929,025 shares during the period. Pinnacle Associates Ltd. increased its stake in KLA-Tencor Corporation by 4.3% in the fourth quarter. Pinnacle Associates Ltd. now owns 9,243 shares of the company’s stock valued at $727,000 after buying an additional 383 shares during the period. FMR LLC increased its stake in KLA-Tencor Corporation by 103.2% in the fourth quarter. FMR LLC now owns 1,972,174 shares of the company’s stock valued at $155,171,000 after buying an additional 1,001,485 shares during the period. Federated Investors Inc. PA increased its stake in KLA-Tencor Corporation by 212.3% in the fourth quarter. Federated Investors Inc. PA now owns 218,630 shares of the company’s stock valued at $17,202,000 after buying an additional 148,629 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in KLA-Tencor Corporation during the fourth quarter valued at approximately $12,514,000. 90.08% of the stock is currently owned by institutional investors and hedge funds.
KLA-Tencor Corporation 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.
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