Virendra A. Kirloskar Sells 600 Shares of KLA-Tencor Corporation (KLAC) Stock
KLA-Tencor Corporation (NASDAQ:KLAC) SVP Virendra A. Kirloskar sold 600 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 $60,912.00. 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) opened at $102.15 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. The firm has a market cap of $15,973.24, a PE ratio of 15.49 and a beta of 1.68. KLA-Tencor Corporation has a 52 week low of $74.66 and a 52 week 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. sell-side analysts predict 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 is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.31%. 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. Thrivent Financial For Lutherans grew its stake in KLA-Tencor Corporation by 7.9% during the first quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock worth $545,000 after buying an additional 420 shares during the last quarter. Bank of Montreal Can grew its stake in KLA-Tencor Corporation by 1.7% during the second quarter. Bank of Montreal Can now owns 238,660 shares of the semiconductor company’s stock worth $21,840,000 after buying an additional 4,045 shares during the last quarter. Creative Planning grew its stake in KLA-Tencor Corporation by 4.0% during the second quarter. Creative Planning now owns 4,556 shares of the semiconductor company’s stock worth $417,000 after buying an additional 176 shares during the last quarter. National Pension Service grew its stake in KLA-Tencor Corporation by 9.8% during the second quarter. National Pension Service now owns 156,611 shares of the semiconductor company’s stock worth $14,488,000 after buying an additional 13,919 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in KLA-Tencor Corporation by 24.9% during the second quarter. Meeder Asset Management Inc. now owns 7,920 shares of the semiconductor company’s stock worth $725,000 after buying an additional 1,579 shares during the last quarter. 89.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. BidaskClub lowered shares of KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 price objective (up previously from $102.00) on shares of KLA-Tencor Corporation in a research report on Sunday, July 30th. Finally, 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average 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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