Bobby R. Bell Sells 10,933 Shares of KLA-Tencor Corp (KLAC) Stock
KLA-Tencor Corp (NASDAQ:KLAC) insider Bobby R. Bell sold 10,933 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $93.61, for a total value of $1,023,438.13. Following the completion of the transaction, the insider now owns 5,696 shares of the company’s stock, valued at approximately $533,202.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
KLA-Tencor Corp (NASDAQ:KLAC) traded up 0.45% during trading on Monday, reaching $95.12. The company had a trading volume of 1,013,585 shares. The stock has a 50 day moving average price of $89.51 and a 200 day moving average price of $79.15. KLA-Tencor Corp has a 12 month low of $66.88 and a 12 month high of $96.34. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 17.29 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last issued its earnings results on Thursday, January 26th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.13. The business had revenue of $877 million for the quarter, compared to analysts’ expectations of $838.78 million. KLA-Tencor Corp had a return on equity of 120.32% and a net margin of 26.50%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. On average, equities research analysts predict that KLA-Tencor Corp will post $5.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, February 13th. KLA-Tencor Corp’s payout ratio is 39.27%.
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Several research firms have issued reports on KLAC. Credit Suisse Group AG reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $93.00) on shares of KLA-Tencor Corp in a research report on Saturday, March 11th. Vetr upgraded KLA-Tencor Corp from a “hold” rating to a “buy” rating and set a $90.17 price objective for the company in a research report on Monday, February 13th. B. Riley reiterated a “buy” rating and issued a $106.00 price objective on shares of KLA-Tencor Corp in a research report on Thursday, February 2nd. Deutsche Bank AG reiterated a “hold” rating and issued a $85.00 price objective (up previously from $78.00) on shares of KLA-Tencor Corp in a research report on Tuesday, January 31st. Finally, Zacks Investment Research upgraded KLA-Tencor Corp from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Monday, January 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $88.33.
Institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of KLA-Tencor Corp by 2.2% in the fourth quarter. State Street Corp now owns 6,465,147 shares of the company’s stock worth $508,676,000 after buying an additional 139,563 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of KLA-Tencor Corp by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,038,857 shares of the company’s stock worth $281,549,000 after buying an additional 72,996 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of KLA-Tencor Corp by 47.9% in the fourth quarter. Janus Capital Management LLC now owns 2,914,286 shares of the company’s stock worth $229,296,000 after buying an additional 944,286 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of KLA-Tencor Corp by 2.8% in the third quarter. BlackRock Fund Advisors now owns 2,859,804 shares of the company’s stock worth $199,357,000 after buying an additional 76,730 shares during the last quarter. Finally, FMR LLC boosted its position in shares of KLA-Tencor Corp by 103.2% in the fourth quarter. FMR LLC now owns 1,972,174 shares of the company’s stock worth $155,171,000 after buying an additional 1,001,485 shares during the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.
About KLA-Tencor Corp
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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