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, 2018 | Year ended June 30, 2017 | ||||||||||||||||||||||
| High | Low | Cash Dividends Declared per share | High | Low | Cash Dividends Declared per share | ||||||||||||||||||
| First Fiscal Quarter | $ | 106.09 | $ | 87.93 | $ | 0.59 | $ | 77.85 | $ | 66.88 | $ | 0.52 | |||||||||||
| Second Fiscal Quarter | $ | 114.43 | $ | 98.91 | $ | 0.59 | $ | 83.23 | $ | 69.75 | $ | 0.54 | |||||||||||
| Third Fiscal Quarter | $ | 123.96 | $ | 96.12 | $ | 0.59 | $ | 96.91 | $ | 77.86 | $ | 0.54 | |||||||||||
| Fourth Fiscal Quarter | $ | 118.56 | $ | 97.94 | $ | 0.75 | $ | 109.59 | $ | 91.09 | $ | 0.54 |
On August 2, 2018, we announced that our Board of Directors had declared a quarterly cash dividend of $0.75 per share to be paid on August 31, 2018 to stockholders of record as of the close of business on August 15, 2018.
As of July 13, 2018, there were 375 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, 2018(1):
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Approximate Dollar Value that May Yet Be Purchased Under the Plans or Programs (2) | |||||||
| April 1, 2018 to April 30, 2018 | — | $ | — | $ | 1,000,000,000 | |||||
| May 1, 2018 to May 31, 2018 | 290,400 | $ | 110.00 | $ | 968,055,978 | |||||
| June 1, 2018 to June 30, 2018 | 52,800 | $ | 116.69 | $ | 961,894,818 | |||||
| Total | 343,200 | $ | 111.03 |
| (1) | On March 16, 2018, our Board of Directors authorized a new repurchase program which permits us to repurchase up to $1.00 billion of our common stock, or up to $2.00 billion if the Orbotech Merger closes. Shares are reported based on the trade date of the applicable repurchase. |
| (2) | The stock repurchase program has no expiration date and may be suspended at any time. 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, 2013 to June 30, 2018.
| June 2013 | June 2014 | June 2015 | June 2016 | June 2017 | June 2018 | ||||||
| KLA-Tencor Corporation | $100.00 | $134.17 | $133.10 | $179.39 | $230.12 | $264.19 | |||||
| S&P 500 | $100.00 | $124.61 | $133.86 | $139.20 | $164.11 | $187.70 | |||||
| PHLX Semiconductor | $100.00 | $134.53 | $138.83 | $150.22 | $208.31 | $271.06 |
- Assumes $100 invested on June 30, 2013 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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