KLA-Tencor Corporation (KLAC) CFO Sells $365,370.48 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) CFO Bren D. Higgins sold 3,599 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $101.52, for a total transaction of $365,370.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up $0.04 during trading on Monday, reaching $102.44. 2,176,400 shares of the company’s stock traded hands, compared to its average volume of 1,216,760. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The company has a market capitalization of $16,053.16, a PE ratio of 15.57 and a beta of 1.68. KLA-Tencor Corporation has a 1 year low of $74.20 and a 1 year high of $110.00.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share. equities analysts expect that KLA-Tencor Corporation will post 7.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.30%. KLA-Tencor Corporation’s dividend payout ratio is 36.14%.
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A number of institutional investors have recently modified their holdings of KLAC. Sun Life Financial INC grew its stake in KLA-Tencor Corporation by 14,300.0% during the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,144 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of KLA-Tencor Corporation by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 750 shares during the last quarter. Grove Bank & Trust grew its stake in shares of KLA-Tencor Corporation by 30.2% during the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 290 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of KLA-Tencor Corporation during the third quarter valued at approximately $148,000. Finally, Checchi Capital Advisers LLC grew its stake in shares of KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares during the last quarter. 89.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on KLAC. Citigroup Inc. upped their price objective on shares of KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. B. Riley reaffirmed a “buy” rating and set a $129.00 price objective (up previously from $120.00) on shares of KLA-Tencor Corporation in a research report on Friday, October 27th. J P Morgan Chase & Co reissued a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, October 27th. Stifel Nicolaus upped their target price on shares of KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. KLA-Tencor Corporation presently has an average rating of “Hold” and a consensus target price of $107.51.
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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