KLA-Tencor Corporation (NASDAQ:KLAC) SVP Brian Lorig sold 836 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $105.76, for a total transaction of $88,415.36. Following the sale, the senior vice president now owns 566 shares of the company’s stock, valued at approximately $59,860.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Brian Lorig also recently made the following trade(s):
- On Friday, September 8th, Brian Lorig sold 2,893 shares of KLA-Tencor Corporation stock. The stock was sold at an average price of $95.24, for a total transaction of $275,529.32.
Shares of KLA-Tencor Corporation (KLAC) traded up $0.86 during trading hours on Tuesday, reaching $102.51. 1,615,500 shares of the company’s stock traded hands, compared to its average volume of 1,236,777. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. KLA-Tencor Corporation has a 1 year low of $74.66 and a 1 year high of $110.00. The company has a market cap of $16,080.00, a P/E ratio of 15.45 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. During the same period last year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. sell-side analysts forecast that KLA-Tencor Corporation will post 7.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, November 14th. KLA-Tencor Corporation’s payout ratio is 36.20%.
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Large investors have recently made changes to their positions in the business. Sun Life Financial INC boosted its holdings in KLA-Tencor Corporation by 14,300.0% in the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in KLA-Tencor Corporation by 300.0% in the 3rd 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 period. Grove Bank & Trust boosted its holdings in KLA-Tencor Corporation by 30.2% in the 2nd 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 period. Bristlecone Advisors LLC bought a new position in KLA-Tencor Corporation in the 3rd quarter valued at $148,000. Finally, Checchi Capital Advisers LLC boosted its holdings in KLA-Tencor Corporation by 2.0% in the 2nd 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 period. 91.26% of the stock is owned by hedge funds and other institutional investors.
KLAC has been the subject of several research analyst reports. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor Corporation in a research note on Thursday, August 31st. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $103.00 price target (up previously from $102.00) on shares of KLA-Tencor Corporation in a research note on Sunday, July 30th. Zacks Investment Research lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $107.51.
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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