KLA-Tencor Corp (NASDAQ:KLAC) insider Bobby R. Bell sold 10,933 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 5,696 shares of the company’s stock, valued at approximately $533,202.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) opened at 96.54 on Monday. The stock’s 50 day moving average price is $90.79 and its 200-day moving average price is $80.00. KLA-Tencor Corp has a 52 week low of $66.88 and a 52 week high of $96.91. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 17.55 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 26th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. KLA-Tencor Corp had a return on equity of 120.32% and a net margin of 26.50%. The firm earned $877 million during the quarter, compared to analysts’ expectations of $838.78 million. During the same period in the prior year, the business earned $1.04 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities analysts predict that KLA-Tencor Corp will post $5.75 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of the company. Parnassus Investments CA purchased a new position in KLA-Tencor Corp during the third quarter worth about $117,072,000. HBK Investments L P purchased a new position in KLA-Tencor Corp during the third quarter worth about $82,430,000. Norges Bank purchased a new position in KLA-Tencor Corp during the fourth quarter worth about $88,590,000. AQR Capital Management LLC boosted its position in KLA-Tencor Corp by 8,519.9% in the fourth quarter. AQR Capital Management LLC now owns 1,078,003 shares of the company’s stock worth $84,817,000 after buying an additional 1,065,497 shares during the last quarter. Finally, FMR LLC boosted its position in 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. Hedge funds and other institutional investors own 90.08% of the company’s stock.
KLAC has been the subject of several recent analyst reports. Vetr downgraded KLA-Tencor Corp from a “strong-buy” rating to a “buy” rating and set a $90.17 price objective for the company. in a report on Wednesday, January 18th. B. Riley restated a “buy” rating and issued a $91.00 price target on shares of KLA-Tencor Corp in a research note on Monday, January 23rd. Goldman Sachs Group Inc assumed coverage on KLA-Tencor Corp in a research report on Monday, December 19th. They set a “buy” rating and a $90.00 price objective on the stock. Finally, Zacks Investment Research upgraded KLA-Tencor Corp from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor Corp currently has a consensus rating of “Buy” and a consensus target price of $88.83.
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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