Trade Report: The 19,750 Shares of KLA-Tencor Corp. (KLAC) Stock are sold by Michael Kirk

The 19,750 Shares of KLA-Tencor Corp. (KLAC) Stock are sold by Michael Kirk

KLA-Tencor Corp. (NASDAQ:KLAC) insider Michael Kirk sold 19,750 shares of KLA-Tencor Corp. stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $74.54, for a total value of $1,472,165.00. Following the completion of the sale, the insider now directly owns 1,279 shares in the company, valued at approximately $95,336.66. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of KLA-Tencor Corp. (NASDAQ:KLAC) opened at 74.66 on Monday. The firm has a market capitalization of $11.67 billion, a P/E ratio of 15.04 and a beta of 1.75. The stock’s 50 day moving average price is $71.30 and its 200-day moving average price is $71.92. KLA-Tencor Corp. has a 12-month low of $62.33 and a 12-month high of $77.85.

KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, October 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.13. The business earned $751 million during the quarter, compared to analysts’ expectations of $735.01 million. KLA-Tencor Corp. had a net margin of 25.15% and a return on equity of 138.28%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. On average, equities analysts expect that KLA-Tencor Corp. will post $5.36 EPS for the current year.

Several equities research analysts have recently commented on KLAC shares. B. Riley reissued a “neutral” rating and set a $78.00 price target on shares of KLA-Tencor Corp. in a research note on Thursday, July 28th. Cowen and Company boosted their price target on KLA-Tencor Corp. from $70.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Citigroup Inc. boosted their price target on KLA-Tencor Corp. from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Deutsche Bank AG boosted their price target on KLA-Tencor Corp. from $72.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $82.00 price target on shares of KLA-Tencor Corp. in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.05.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp boosted its position in KLA-Tencor Corp. by 9.8% in the first quarter. M&T Bank Corp now owns 10,495 shares of the company’s stock valued at $764,000 after buying an additional 940 shares during the period. Aviva PLC boosted its position in KLA-Tencor Corp. by 1.2% in the first quarter. Aviva PLC now owns 78,674 shares of the company’s stock valued at $5,728,000 after buying an additional 969 shares during the period. AXA boosted its position in KLA-Tencor Corp. by 12.8% in the first quarter. AXA now owns 84,600 shares of the company’s stock valued at $6,160,000 after buying an additional 9,600 shares during the period. Geode Capital Management LLC boosted its position in KLA-Tencor Corp. by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,302,094 shares of the company’s stock valued at $94,619,000 after buying an additional 26,126 shares during the period. Finally, Glazer Capital LLC bought a new position in KLA-Tencor Corp. during the first quarter valued at about $6,043,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

About KLA-Tencor Corp.

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