Insider Selling: KLA-Tencor Corp (NASDAQ:KLAC) EVP Sells $118,037.62 in Stock

KLA-Tencor Corp (NASDAQ:KLAC) EVP Brian M. Trafas sold 674 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.13, for a total transaction of $118,037.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brian M. Trafas also recently made the following trade(s):

  • On Monday, November 4th, Brian M. Trafas sold 885 shares of KLA-Tencor stock. The stock was sold at an average price of $174.78, for a total transaction of $154,680.30.

Shares of KLA-Tencor stock opened at $177.86 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.24 and a debt-to-equity ratio of 1.18. KLA-Tencor Corp has a twelve month low of $80.65 and a twelve month high of $179.95. The stock has a market cap of $27.83 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 1.51 and a beta of 1.72. The company’s fifty day moving average is $165.42 and its 200 day moving average is $136.80.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. KLA-Tencor had a net margin of 23.03% and a return on equity of 54.53%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. KLA-Tencor’s revenue for the quarter was up 29.3% on a year-over-year basis. As a group, equities analysts anticipate that KLA-Tencor Corp will post 9.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a $0.85 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, November 15th. This represents a $3.40 annualized dividend and a yield of 1.91%. KLA-Tencor’s payout ratio is presently 35.46%.

A number of hedge funds have recently added to or reduced their stakes in the stock. World Asset Management Inc lifted its holdings in KLA-Tencor by 0.5% in the third quarter. World Asset Management Inc now owns 12,193 shares of the semiconductor company’s stock valued at $1,944,000 after buying an additional 65 shares during the period. We Are One Seven LLC raised its holdings in shares of KLA-Tencor by 2.8% in the 3rd quarter. We Are One Seven LLC now owns 2,730 shares of the semiconductor company’s stock worth $435,000 after acquiring an additional 74 shares during the last quarter. CWM LLC raised its holdings in shares of KLA-Tencor by 30.8% in the 3rd quarter. CWM LLC now owns 327 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 77 shares during the last quarter. Miles Capital Inc. raised its holdings in shares of KLA-Tencor by 4.2% in the 2nd quarter. Miles Capital Inc. now owns 1,922 shares of the semiconductor company’s stock worth $227,000 after acquiring an additional 78 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of KLA-Tencor by 2.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 2,991 shares of the semiconductor company’s stock worth $477,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

KLAC has been the topic of a number of research reports. UBS Group boosted their target price on shares of KLA-Tencor from $165.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cowen boosted their target price on shares of KLA-Tencor from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Tuesday, October 29th. Credit Suisse Group boosted their price objective on shares of KLA-Tencor from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank boosted their price objective on shares of KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $176.08.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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