KLA-Tencor Corporation (NASDAQ:KLAC) had its price target lifted by Citigroup Inc. from $106.00 to $110.00 in a report released on Monday, October 30th. Citigroup Inc. currently has a neutral rating on the semiconductor company’s stock.
Several other equities research analysts also recently commented on KLAC. BidaskClub downgraded KLA-Tencor Corporation from a buy rating to a hold rating in a report on Wednesday, July 5th. Cowen and Company restated a buy rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. B. Riley reaffirmed a buy rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, July 28th. Credit Suisse Group set a $115.00 target price on KLA-Tencor Corporation and gave the company a buy rating in a research report on Saturday, July 29th. Finally, Stifel Nicolaus reissued a hold rating and issued a $103.00 price objective (up previously from $102.00) on shares of KLA-Tencor Corporation in a research report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $107.51.
Shares of KLA-Tencor Corporation (KLAC) opened at $101.65 on Monday. The firm has a market capitalization of $15,929.37, a P/E ratio of 15.45 and a beta of 1.68. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor Corporation has a 1-year low of $74.66 and a 1-year high of $110.00.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. equities analysts anticipate that KLA-Tencor Corporation will post 7.16 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. KLA-Tencor Corporation’s dividend payout ratio is currently 36.14%.
In related news, SVP Virendra A. Kirloskar sold 1,020 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $95,604.60. Following the completion of the sale, the senior vice president now directly owns 297 shares in the company, valued at approximately $27,837.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teri A. Little sold 3,120 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $105.77, for a total value of $330,002.40. The disclosure for this sale can be found here. Insiders sold a total of 43,551 shares of company stock valued at $4,405,438 over the last quarter. Company insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cypress Capital Group purchased a new stake in KLA-Tencor Corporation in the 3rd quarter worth approximately $336,000. Cetera Advisor Networks LLC purchased a new stake in KLA-Tencor Corporation in the 3rd quarter worth approximately $223,000. IFM Investors Pty Ltd purchased a new stake in KLA-Tencor Corporation in the 3rd quarter worth approximately $438,000. California Public Employees Retirement System lifted its holdings in KLA-Tencor Corporation by 7.8% in the 3rd quarter. California Public Employees Retirement System now owns 443,338 shares of the semiconductor company’s stock worth $46,994,000 after buying an additional 32,200 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in KLA-Tencor Corporation by 6.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,673 shares of the semiconductor company’s stock worth $2,509,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
About KLA-Tencor Corporation
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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