KLA-Tencor Corp (NASDAQ:KLAC) EVP Teri A. Little sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total transaction of $165,570.00. Following the completion of the sale, the executive vice president now directly owns 5,517 shares of the company’s stock, valued at $608,966.46. The sale was disclosed in a filing with the SEC, which is accessible through this link.
KLAC traded down $1.33 during midday trading on Thursday, reaching $109.02. The company had a trading volume of 87,871 shares, compared to its average volume of 1,594,369. The company has a quick ratio of 1.84, a current ratio of 2.61 and a debt-to-equity ratio of 1.10. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.17 and a beta of 1.61. KLA-Tencor Corp has a 12-month low of $80.65 and a 12-month high of $129.03.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.17. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.02 earnings per share. As a group, sell-side analysts anticipate that KLA-Tencor Corp will post 8.42 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of KLAC. American International Group Inc. increased its stake in shares of KLA-Tencor by 2,121.4% in the fourth quarter. American International Group Inc. now owns 4,417,470 shares of the semiconductor company’s stock worth $395,319,000 after purchasing an additional 4,218,609 shares during the period. Oregon Public Employees Retirement Fund increased its stake in KLA-Tencor by 9,077.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 3,668,943 shares during the period. Wellington Management Group LLP increased its stake in KLA-Tencor by 25.5% during the first quarter. Wellington Management Group LLP now owns 10,462,880 shares of the semiconductor company’s stock valued at $1,249,373,000 after acquiring an additional 2,126,831 shares during the period. Norges Bank bought a new position in KLA-Tencor during the fourth quarter valued at about $157,620,000. Finally, FMR LLC increased its stake in KLA-Tencor by 91.1% during the fourth quarter. FMR LLC now owns 2,103,482 shares of the semiconductor company’s stock valued at $188,240,000 after acquiring an additional 1,002,949 shares during the period. Institutional investors and hedge funds own 92.81% of the company’s stock.
A number of equities research analysts have issued reports on KLAC shares. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Friday, January 18th. ValuEngine upgraded shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. BidaskClub upgraded shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Cowen reiterated an “outperform” rating and issued a $120.00 target price on shares of KLA-Tencor in a research note on Wednesday, January 30th. Finally, Deutsche Bank boosted their target price on shares of KLA-Tencor from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Monday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $133.36.
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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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