KLA-Tencor Corp (NASDAQ:KLAC) Insider Sells $605,850.36 in Stock

KLA-Tencor Corp (NASDAQ:KLAC) insider Ahmad A. Khan sold 4,278 shares of KLA-Tencor stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $141.62, for a total value of $605,850.36. Following the completion of the transaction, the insider now owns 7,834 shares in the company, valued at approximately $1,109,451.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of KLAC stock traded up $1.67 during mid-day trading on Thursday, reaching $143.57. 1,333,394 shares of the stock traded hands, compared to its average volume of 1,564,601. The stock’s fifty day simple moving average is $131.52 and its two-hundred day simple moving average is $119.15. KLA-Tencor Corp has a 1-year low of $80.65 and a 1-year high of $144.52. The company has a market cap of $22.60 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.73. The company has a quick ratio of 1.73, a current ratio of 2.44 and a debt-to-equity ratio of 1.19.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $2.22 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts anticipate that KLA-Tencor Corp will post 9.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, August 14th. KLA-Tencor’s payout ratio is 35.46%.

Hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of KLA-Tencor in the first quarter worth approximately $26,000. Hexavest Inc. acquired a new position in shares of KLA-Tencor in the second quarter worth approximately $28,000. Parallel Advisors LLC lifted its stake in shares of KLA-Tencor by 152.3% in the first quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 201 shares during the period. Global Retirement Partners LLC lifted its stake in shares of KLA-Tencor by 136.8% in the first quarter. Global Retirement Partners LLC now owns 341 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 197 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in shares of KLA-Tencor by 560.4% in the second quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 297 shares during the period. 87.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on KLAC. Goldman Sachs Group cut KLA-Tencor from a “neutral” rating to a “sell” rating in a research report on Monday, July 22nd. Deutsche Bank lifted their target price on KLA-Tencor from $120.00 to $133.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Cowen reiterated an “outperform” rating and issued a $155.00 target price (up previously from $145.00) on shares of KLA-Tencor in a research report on Tuesday, August 6th. ValuEngine cut KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of KLA-Tencor in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $142.21.

About KLA-Tencor

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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