KLA-Tencor Corporation (KLAC) Insider Sells $80,767.22 in Stock
KLA-Tencor Corporation (NASDAQ:KLAC) insider Brian M. Trafas sold 878 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $91.99, for a total transaction of $80,767.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
KLA-Tencor Corporation (KLAC) traded down 3.65% during trading on Thursday, reaching $88.14. 1,165,498 shares of the company were exchanged. The company’s 50-day moving average price is $95.55 and its 200-day moving average price is $95.61. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59. The stock has a market capitalization of $13.82 billion, a P/E ratio of 14.99 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. On average, equities analysts forecast that KLA-Tencor Corporation will post $6.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.59 dividend. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio is 36.73%.
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Several brokerages have recently commented on KLAC. BidaskClub downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $115.00 price objective on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a research note on Saturday, July 29th. UBS AG downgraded shares of KLA-Tencor Corporation to a “neutral” rating in a research note on Monday, April 17th. B. Riley reaffirmed a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc reaffirmed a “negative” rating on shares of KLA-Tencor Corporation in a research note on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $98.86.
Several hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in KLA-Tencor Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 280,996 shares of the semiconductor company’s stock valued at $22,109,000 after buying an additional 78,692 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in KLA-Tencor Corporation by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,109 shares of the semiconductor company’s stock valued at $12,844,000 after buying an additional 4,488 shares during the period. Raymond James Trust N.A. acquired a new stake in KLA-Tencor Corporation during the first quarter valued at approximately $209,000. Creative Planning increased its stake in KLA-Tencor Corporation by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 996 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in KLA-Tencor Corporation by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock valued at $4,800,000 after buying an additional 1,600 shares during the period. 91.96% of the stock is currently owned by institutional investors and hedge funds.
About KLA-Tencor Corporation
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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