Virendra A. Kirloskar Sells 1,020 Shares of KLA-Tencor Corporation (KLAC) Stock

KLA-Tencor Corporation (NASDAQ:KLAC) SVP Virendra A. Kirloskar sold 1,020 shares of KLA-Tencor Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total value of $95,604.60. Following the transaction, the senior vice president now owns 297 shares in the company, valued at approximately $27,837.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

KLA-Tencor Corporation (NASDAQ KLAC) opened at 94.35 on Friday. The firm’s 50 day moving average price is $92.87 and its 200 day moving average price is $96.39. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week high of $109.59. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 16.05 and a beta of 1.62.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. KLA-Tencor Corporation’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.77 earnings per share. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 40.14%.

WARNING: This piece of content was first reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/09/10/virendra-a-kirloskar-sells-1020-shares-of-kla-tencor-corporation-klac-stock.html.

A number of equities research analysts recently issued reports on KLAC shares. Cowen and Company reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the company a “buy” rating in a research report on Saturday, July 29th. BidaskClub raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Susquehanna Bancshares Inc reissued a “reduce” rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $98.86.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. increased its position in shares of KLA-Tencor Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 14 shares during the last quarter. Contravisory Investment Management Inc. increased its position in shares of KLA-Tencor Corporation by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after acquiring an additional 18 shares during the last quarter. Navellier & Associates Inc increased its position in shares of KLA-Tencor Corporation by 1.2% during the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after acquiring an additional 30 shares during the last quarter. Palo Capital Inc. increased its position in shares of KLA-Tencor Corporation by 0.5% during the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock valued at $739,000 after acquiring an additional 37 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after acquiring an additional 44 shares during the last quarter. 89.18% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply