KLA-Tencor Corp (KLAC) to Distribute Quarterly Dividend of $0.85 on December 3rd

KLA-Tencor Corp (NASDAQ:KLAC) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.85 per share by the semiconductor company on Tuesday, December 3rd. This represents a $3.40 annualized dividend and a dividend yield of 1.98%. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.75.

Shares of KLA-Tencor stock opened at $171.95 on Friday. The firm has a market cap of $27.14 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.47 and a beta of 1.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.60. KLA-Tencor has a 52-week low of $80.65 and a 52-week high of $175.43. The stock has a 50-day simple moving average of $162.87 and a 200-day simple moving average of $135.02.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.28. KLA-Tencor had a return on equity of 54.53% and a net margin of 23.03%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the company earned $2.46 EPS. The firm’s revenue was up 29.3% on a year-over-year basis. As a group, equities research analysts predict that KLA-Tencor will post 9.88 earnings per share for the current year.

In other KLA-Tencor news, EVP Teri A. Little sold 3,029 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $141.62, for a total value of $428,966.98. Following the transaction, the executive vice president now directly owns 5,791 shares of the company’s stock, valued at approximately $820,121.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Amichai Steimberg sold 8,962 shares of KLA-Tencor stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $138.80, for a total value of $1,243,925.60. Following the completion of the transaction, the chief executive officer now directly owns 19,892 shares in the company, valued at $2,761,009.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,410 shares of company stock worth $4,535,477. Company insiders own 0.19% of the company’s stock.

A number of research analysts recently weighed in on KLAC shares. Goldman Sachs Group downgraded KLA-Tencor from a “neutral” rating to a “sell” rating in a research note on Monday, July 22nd. Cowen raised their price objective on KLA-Tencor from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Zacks Investment Research raised 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. Citigroup raised their price objective on KLA-Tencor from $156.50 to $180.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Deutsche Bank raised their price objective on KLA-Tencor from $120.00 to $133.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average 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.

Further Reading: Lock-Up Period Expiration

Dividend History for KLA-Tencor (NASDAQ:KLAC)

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