KLA-Tencor Corp (KLAC) Director Sells $52,920.00 in Stock

KLA-Tencor Corp (NASDAQ:KLAC) Director Emiko Higashi sold 500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total value of $52,920.00. Following the completion of the sale, the director now directly owns 15,131 shares of the company’s stock, valued at approximately $1,601,465.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, December 1st, Emiko Higashi sold 500 shares of KLA-Tencor stock. The stock was sold at an average price of $101.26, for a total value of $50,630.00.
  • On Wednesday, November 1st, Emiko Higashi sold 500 shares of KLA-Tencor stock. The stock was sold at an average price of $110.00, for a total value of $55,000.00.

KLA-Tencor Corp (NASDAQ KLAC) opened at $109.86 on Friday. KLA-Tencor Corp has a 12 month low of $77.86 and a 12 month high of $114.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. The stock has a market capitalization of $16,855.50, a PE ratio of 16.35 and a beta of 1.63.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period in the previous year, the company posted $1.16 earnings per share. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. equities analysts anticipate that KLA-Tencor Corp will post 7.31 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in KLA-Tencor by 2.4% during the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after acquiring an additional 402,970 shares during the period. Janus Henderson Group PLC increased its stake in KLA-Tencor by 4.8% during the third quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after acquiring an additional 208,499 shares during the period. Pictet Asset Management Ltd. increased its stake in KLA-Tencor by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after acquiring an additional 770,480 shares during the period. Northern Trust Corp increased its stake in KLA-Tencor by 0.3% during the second quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock valued at $181,960,000 after acquiring an additional 6,922 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of KLA-Tencor by 375.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after purchasing an additional 885,147 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

KLAC has been the subject of a number of analyst reports. Goldman Sachs Group cut KLA-Tencor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $108.00 to $97.00 in a research report on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of KLA-Tencor in a research report on Sunday, October 15th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a research report on Monday, October 16th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor in a research report on Thursday, October 19th. Finally, Stifel Nicolaus boosted their price objective on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $110.32.

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KLA-Tencor Company Profile

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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