Bobby R. Bell Sells 10,933 Shares of KLA-Tencor Corp (KLAC) Stock

KLA-Tencor Corp (NASDAQ:KLAC) insider Bobby R. Bell sold 10,933 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $93.61, for a total transaction of $1,023,438.13. Following the sale, the insider now directly owns 5,696 shares of the company’s stock, valued at $533,202.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of KLA-Tencor Corp (NASDAQ:KLAC) traded up 0.45% during midday trading on Monday, reaching $95.12. 1,013,585 shares of the company’s stock traded hands. The stock’s 50 day moving average is $89.51 and its 200-day moving average is $79.15. The company has a market capitalization of $14.91 billion, a PE ratio of 17.29 and a beta of 1.62. KLA-Tencor Corp has a 52 week low of $66.88 and a 52 week high of $96.34.

KLA-Tencor Corp (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 26th. The company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business earned $877 million during the quarter, compared to analysts’ expectations of $838.78 million. During the same quarter in the prior year, the business earned $1.04 earnings per share. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts forecast that KLA-Tencor Corp will post $5.75 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, February 13th. KLA-Tencor Corp’s dividend payout ratio (DPR) is presently 39.27%.

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KLAC has been the subject of several research analyst reports. Vetr lowered shares of KLA-Tencor Corp from a “strong-buy” rating to a “buy” rating and set a $90.17 price objective for the company. in a research report on Wednesday, January 18th. Summit Redstone reaffirmed a “sell” rating on shares of KLA-Tencor Corp in a research report on Saturday, January 21st. Needham & Company LLC increased their price objective on shares of KLA-Tencor Corp from $95.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Friday, January 27th. Cowen and Company increased their price objective on shares of KLA-Tencor Corp from $85.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $85.00 price objective (up from $78.00) on shares of KLA-Tencor Corp in a research report on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $88.33.

Several large investors have recently added to or reduced their stakes in KLAC. Bank of Hawaii boosted its position in KLA-Tencor Corp by 0.6% in the third quarter. Bank of Hawaii now owns 4,660 shares of the company’s stock valued at $325,000 after buying an additional 30 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in KLA-Tencor Corp by 2.2% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,991 shares of the company’s stock valued at $278,000 after buying an additional 87 shares during the last quarter. Norinchukin Bank The boosted its position in KLA-Tencor Corp by 1.1% in the third quarter. Norinchukin Bank The now owns 8,420 shares of the company’s stock valued at $587,000 after buying an additional 90 shares during the last quarter. Advantus Capital Management Inc boosted its position in KLA-Tencor Corp by 1.1% in the third quarter. Advantus Capital Management Inc now owns 15,313 shares of the company’s stock valued at $1,067,000 after buying an additional 162 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in KLA-Tencor Corp by 3.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,310 shares of the company’s stock valued at $418,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.

KLA-Tencor Corp 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.

5 Day Chart for NASDAQ:KLAC

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