Emiko Higashi Sells 500 Shares of KLA-Tencor Corp (KLAC) Stock

KLA-Tencor Corp (NASDAQ:KLAC) Director Emiko Higashi sold 500 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $101.26, for a total transaction of $50,630.00. Following the sale, the director now owns 15,229 shares in the company, valued at approximately $1,542,088.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Emiko Higashi also recently made the following trade(s):

  • On Wednesday, November 1st, Emiko Higashi sold 500 shares of KLA-Tencor stock. The shares were sold at an average price of $110.00, for a total transaction of $55,000.00.

KLA-Tencor Corp (KLAC) traded up $0.10 on Thursday, reaching $102.74. 1,271,100 shares of the company’s stock traded hands, compared to its average volume of 1,265,798. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a fifty-two week low of $76.56 and a fifty-two week high of $110.00. The company has a market capitalization of $16,084.50, a P/E ratio of 15.60, a PEG ratio of 0.66 and a beta of 1.63.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The business had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. During the same period last year, the firm earned $1.16 earnings per share. The company’s quarterly revenue was up 29.2% on a year-over-year basis. research analysts expect that KLA-Tencor Corp will post 7.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.30%. KLA-Tencor’s payout ratio is presently 36.14%.

A number of equities research analysts have recently commented on the stock. Argus assumed coverage on shares of KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target on the stock. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 target price on the stock in a report on Monday, October 16th. Stifel Nicolaus raised their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Citigroup raised their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, J P Morgan Chase & Co restated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $108.68.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sun Life Financial INC raised its position in KLA-Tencor by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 750 shares during the period. Bristlecone Advisors LLC bought a new position in KLA-Tencor in the third quarter worth approximately $148,000. Checchi Capital Advisers LLC raised its position in KLA-Tencor by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 44 shares during the period. Finally, Edge Advisors LLC raised its position in KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 872 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

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About KLA-Tencor

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.

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