Yesterday, a Director at Kla-Tencor Corp (NASDAQ: KLAC), Robert Rango, bought shares of KLAC for $32.71K.
Following this transaction Robert Rango’s holding in the company was increased by 3.75% to a total of $885.6K. This is Rango’s first transaction since reporting a Sell transaction on BRCM back in November 2010
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Based on Kla-Tencor Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.02 billion and quarterly net profit of $307 million. In comparison, last year the company earned revenue of $935 million and had a net profit of $256 million. KLAC’s market cap is $15.84B and the company has a P/E ratio of 22.63. Currently, Kla-Tencor Corp has an average volume of 803.8K.
20 different firms, including Argus Research and B.Riley FBR, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $134.00, reflecting a -24.2% downside.
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KLA-Tencor Corp. engages in the design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its products include manufactured chips, wafers, reticles, data storage media, light-emitting diode, and compound semiconductors.
