KLA-Tencor Corporation (KLAC) Insider Richard P. Wallace Sells 37,377 Shares
KLA-Tencor Corporation (NASDAQ:KLAC) insider Richard P. Wallace sold 37,377 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total value of $3,396,074.22. Following the transaction, the insider now directly owns 58,831 shares in the company, valued at approximately $5,345,384.66. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of KLA-Tencor Corporation (KLAC) traded up 0.94% during midday trading on Wednesday, reaching $91.88. The company’s stock had a trading volume of 769,470 shares. The firm has a market capitalization of $14.41 billion, a price-to-earnings ratio of 15.63 and a beta of 1.62. KLA-Tencor Corporation has a 52 week low of $66.89 and a 52 week high of $109.59. The firm’s 50 day moving average is $94.76 and its 200 day moving average is $95.89.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 earnings per share. Equities analysts forecast that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Friday, August 11th. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is currently 40.14%.
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Several equities analysts recently issued reports on the company. Cowen and Company increased their target price on KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, June 2nd. B. Riley reissued a “buy” rating and set a $115.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Needham & Company LLC increased their target price on KLA-Tencor Corporation from $105.00 to $120.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 28th. Credit Suisse Group reissued an “outperform” rating and set a $100.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, April 28th. Finally, UBS AG reissued a “neutral” rating and set a $110.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $98.86.
Several hedge funds and other institutional investors have recently modified their holdings of KLAC. World Asset Management Inc boosted its position in shares of KLA-Tencor Corporation by 20.0% in the first quarter. World Asset Management Inc now owns 17,633 shares of the semiconductor company’s stock worth $1,676,000 after buying an additional 2,937 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of KLA-Tencor Corporation during the first quarter worth approximately $1,521,000. Pioneer Investment Management Inc. boosted its position in shares of KLA-Tencor Corporation by 52.8% in the first quarter. Pioneer Investment Management Inc. now owns 268,640 shares of the semiconductor company’s stock worth $25,540,000 after buying an additional 92,806 shares in the last quarter. AXA boosted its position in shares of KLA-Tencor Corporation by 112.4% in the first quarter. AXA now owns 90,700 shares of the semiconductor company’s stock worth $8,623,000 after buying an additional 48,000 shares in the last quarter. Finally, 361 Capital LLC bought a new position in shares of KLA-Tencor Corporation during the first quarter worth approximately $939,000. Institutional investors own 91.77% of the company’s stock.
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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