filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed and traded on the NASDAQ Global Select Market under the symbol “KLAC.”
The prices per share reflected in the following table represent the high and low prices for our common stock on the NASDAQ Global Select Market for the periods indicated:
| Year ended June 30, 2017 | Year ended June 30, 2016 | ||||||||||||||||||||||
| High | Low | Cash Dividends Declared per share | High | Low | Cash Dividends Declared per share | ||||||||||||||||||
| First Fiscal Quarter | $ | 77.85 | $ | 66.88 | $ | 0.52 | $ | 57.35 | $ | 44.95 | $ | 0.52 | |||||||||||
| Second Fiscal Quarter | $ | 83.23 | $ | 69.75 | $ | 0.54 | $ | 70.28 | $ | 48.73 | $ | 0.52 | |||||||||||
| Third Fiscal Quarter | $ | 96.91 | $ | 77.86 | $ | 0.54 | $ | 73.19 | $ | 62.33 | $ | 0.52 | |||||||||||
| Fourth Fiscal Quarter | $ | 109.59 | $ | 91.09 | $ | 0.54 | $ | 75.17 | $ | 67.32 | $ | 0.52 |
On June 1, 2017, we announced that our Board of Directors had authorized an increase in the level of our quarterly cash dividend from $0.54 to $0.59 per share. Additional information regarding the declaration of our quarterly cash dividend after June 30, 2017 can be found in Note 19, “Subsequent Events” to the Consolidated Financial Statements.
As of July 14, 2017, there were 394 holders of record of our common stock.
Equity Repurchase Plans
The following is a summary of stock repurchases for each month during the fourth quarter of the fiscal year ended June 30, 2017(1):
| Period | Total Number of Shares Purchased (2) | Average Price Paid per Share | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (3) | ||||||
| April 1, 2017 to April 30, 2017 | — | $ | — | 5,916,120 | |||||
| May 1, 2017 to May 31, 2017 | 148,769 | $ | 102.03 | 5,767,351 | |||||
| June 1, 2017 to June 30, 2017 | 94,391 | $ | 104.06 | 5,672,960 | |||||
| Total | 243,160 | $ | 102.82 |
| (1) | Our Board of Directors has authorized a program for us to repurchase shares of our common stock. The total number and dollar amount of shares repurchased for the fiscal years ended June 30, 2017, 2016 and 2015 were 0.2 million shares ($25.0 million), 3.4 million shares ($175.7 million) and 9.3 million shares ($608.9 million), respectively. |
| (2) | All shares were purchased pursuant to the publicly announced repurchase program described in footnote 1 above. Shares are reported based on the trade date of the applicable repurchase. |
| (3) | The stock repurchase program has no expiration date. Future repurchases of our common stock under our repurchase program may be effected through various different repurchase transaction structures, including isolated open market transactions or systematic repurchase plans. |
Stock Performance Graph and Cumulative Total Return
Notwithstanding any statement to the contrary in any of our previous or future filings with the Securities and Exchange Commission, the following information relating to the price performance of our common stock shall not be deemed “filed” with the Commission or “soliciting material” under the Securities Exchange Act of 1934 and shall not be incorporated by reference into any such filings.
The following graph compares the cumulative 5-year total return attained by stockholders on our common stock relative to the cumulative total returns of the S&P 500 Index (as required by SEC regulations) and the Philadelphia Semiconductor Index (PHLX). The graph tracks the performance of a $100 investment in our common stock and in each of the indices (with the reinvestment of all dividends) from June 30, 2012 to June 30, 2017.
| June 2012 | June 2013 | June 2014 | June 2015 | June 2016 | June 2017 | ||||||
| KLA-Tencor Corporation | $100.00 | $116.72 | $156.61 | $155.36 | $209.39 | $268.60 | |||||
| S&P 500 | $100.00 | $120.60 | $150.27 | $161.43 | $167.87 | $197.92 | |||||
| PHLX Semiconductor | $100.00 | $116.96 | $156.62 | $161.36 | $173.61 | $241.00 |
- Assumes $100 invested on June 30, 2012 in stock or index, including reinvestment of dividends.
Our fiscal year ends June 30. The comparisons in the graph above are based upon historical data and are not necessarily indicative of, nor intended to forecast, future stock price performance.
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