KLA-Tencor Corp (NASDAQ:KLAC) Announces Quarterly Dividend of $0.85

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KLA-Tencor Corp (NASDAQ:KLAC) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Investors 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 dividend on an annualized basis and a yield of 1.97%. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.75.

NASDAQ:KLAC traded up $0.54 during trading hours on Wednesday, reaching $172.52. 1,397,893 shares of the company’s stock were exchanged, compared to its average volume of 1,567,958. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.48 and a beta of 1.72. The company has a 50-day moving average of $162.16 and a 200 day moving average of $134.54. The company has a quick ratio of 1.60, a current ratio of 2.24 and a debt-to-equity ratio of 1.18. KLA-Tencor has a 1-year low of $80.65 and a 1-year high of $175.43.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.28. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.35 billion. KLA-Tencor had a net margin of 23.03% and a return on equity of 54.53%. KLA-Tencor’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. Research analysts forecast that KLA-Tencor will post 9.88 EPS for the current fiscal year.

In other news, EVP Brian M. Trafas sold 885 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $174.78, for a total value of $154,680.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amichai Steimberg sold 8,962 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $138.80, for a total transaction of $1,243,925.60. Following the completion of the transaction, the chief executive officer now owns 19,892 shares of the company’s stock, valued at approximately $2,761,009.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,410 shares of company stock valued at $4,444,077. 0.19% of the stock is owned by insiders.

KLAC has been the subject of a number of recent research reports. UBS Group increased their price target on shares of KLA-Tencor from $165.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. KeyCorp increased their price target on shares of KLA-Tencor from $162.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI upgraded shares of KLA-Tencor from an “in-line” rating to an “outperform” rating in a research note on Tuesday, September 3rd. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research report on Wednesday, September 18th. Finally, Wells Fargo & Co upped their price objective on shares of KLA-Tencor from $150.00 to $175.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor presently has a consensus rating of “Buy” and a consensus price target 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.

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Dividend History for KLA-Tencor (NASDAQ:KLAC)

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