Tencor Corp (KLAC) Director Sells $247725.00 in Stock

by Frankie Norman May 7, 2017, 0:44
Tencor Corp (KLAC) Director Sells $247725.00 in Stock

KLA-Tencor Corporation (KLAC) surprised the stock market in its last reported earnings when it earned $1.62 a piece versus the consensus-estimated $1.55.

Other large investors have also recently added to or reduced their stakes in the company. Finally, Summit Redstone reaffirmed a "sell" rating on shares of KLA-Tencor Corp in a research report on Saturday, January 21st. Needham & Company LLC boosted their price objective on KLA-Tencor Corp from $105.00 to $120.00 and gave the company a strong-buy rating in a research note on Friday, April 28th. Finally, Needham & Company LLC reiterated a "strong-buy" rating and set a $95.00 target price on shares of KLA-Tencor Corp in a report on Tuesday, January 24th. KLA-Tencor Corporation had 33 analyst reports since July 28, 2015 according to SRatingsIntel. The stock now has a consensus rating of "Buy" and an average target price of $92.62.

United States of America based company, KLA-Tencor Corporation (KLAC)'s latest closing price was 24.30% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 5.31% and 2.17% compared with the 20 Day Moving Average. The latest exchange of 3.96 Million shares is above its average trading activity of 3.08 Million shares. The firm has a 50-day moving average of $96.98 and a 200 day moving average of $85.55. The company has market cap of $6.99 billion.

The stock volatility for week was 2.75% while for month was 1.83%.The stock, as of last close, traded 51.26% to its 52 week low and was changed -4.32% from its 52 week high.

KLA-Tencor Corp (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 27th. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 1.53 earnings per share.

KLA-Tencor Corporation (KLAC) now has a Return on Assets (ROA) value of 18.5 Percent. The firm earned $914 million during the quarter, compared to analysts' expectations of $895.69 million. For the past 5 years, the company's revenue has grown 0.2%, while the company's earnings per share has grown 12.8%. The business's revenue for the quarter was up 28.4% compared to the same quarter a year ago. It dropped, as 59 investors sold KLA-Tencor Corp shares while 127 reduced holdings.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Massachusetts Svcs Ma invested in 0% or 62,096 shares. It has a dividend yield of 2.17%. Northwestern Mutual Wealth reported 0% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC).

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In other news, Director Kevin Kennedy sold 2,500 shares of KLA-Tencor Corp stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $93.61, for a total value of $1,023,438.13. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $434,450.

In other KLA-Tencor Corp news, insider Bobby R. Bell sold 10,933 shares of the company's stock in a transaction dated Thursday, March 16th. Following the transaction, the insider now owns 5,696 shares in the company, valued at approximately $533,202.56. The disclosure for this sale can be found here. The stock traded at a volume of 1.48 million shares. Corporate insiders own 0.26% of the company's stock. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Moreover, Amer Interest has 1.6% invested in KLA-Tencor Corp (NASDAQ:KLAC). Credit Suisse Group AG now has a $100.00 target price on the semiconductor company's stock. Cohen Capital Management Inc. purchased a new stake in KLA-Tencor Corp during the first quarter worth about $119,000. Sumitomo Mitsui Trust Holdings invested in 0.05% or 427,836 shares. Ltd. now owns 45,768 shares of the semiconductor company's stock worth $3,190,000 after buying an additional 21,794 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in KLA-Tencor Corp by 3.3% in the third quarter. Schulhoff & Co Inc owns 86,985 shares or 2.3% of their U.S. portfolio.

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