KLA-Tencor Corporation (NASDAQ:KLAC) had its target price lifted by Citigroup Inc. from $106.00 to $110.00 in a report issued on Monday, October 30th. The brokerage currently has a neutral rating on the semiconductor company’s stock.
Several other brokerages have also recently weighed in on KLAC. Stifel Nicolaus raised shares of KLA-Tencor Corporation from a hold rating to a buy rating and upped their price target for the stock from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an outperform rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Needham & Company LLC reiterated a buy rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Thursday, October 19th. Cowen and Company reiterated a buy rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. Finally, B. Riley reiterated a buy rating and set a $129.00 price objective (up previously from $120.00) on shares of KLA-Tencor Corporation in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. KLA-Tencor Corporation has an average rating of Hold and a consensus target price of $107.51.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) traded up $0.04 on Monday, hitting $102.44. 2,176,400 shares of the stock traded hands, compared to its average volume of 1,534,119. KLA-Tencor Corporation has a 52-week low of $74.20 and a 52-week high of $110.00. The stock has a market cap of $16,053.17, a PE ratio of 15.57 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The firm had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. During the same quarter in the prior year, the company earned $1.16 EPS. The company’s revenue was up 29.2% compared to the same quarter last year. equities analysts expect that KLA-Tencor Corporation will post 7.16 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.30%. KLA-Tencor Corporation’s payout ratio is currently 36.14%.
In other news, insider Richard P. Wallace sold 37,377 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $90.86, for a total value of $3,396,074.22. Following the sale, the insider now owns 58,831 shares in the company, valued at $5,345,384.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bobby R. Bell sold 4,236 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total transaction of $446,940.36. Following the completion of the sale, the insider now owns 8,908 shares in the company, valued at approximately $939,883.08. The disclosure for this sale can be found here. Insiders sold 59,964 shares of company stock worth $5,623,855 in the last quarter. Company insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in KLA-Tencor Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after buying an additional 14 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in KLA-Tencor Corporation by 0.6% during the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock valued at $262,000 after purchasing an additional 18 shares in the last quarter. Navellier & Associates Inc lifted its holdings in KLA-Tencor Corporation by 1.2% during the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 30 shares in the last quarter. Palo Capital Inc. lifted its holdings in KLA-Tencor Corporation by 0.5% during the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock valued at $739,000 after purchasing an additional 37 shares in the last quarter. Finally, Checchi Capital Advisers LLC lifted its holdings in KLA-Tencor Corporation by 2.0% during the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares in the last quarter. 89.89% of the stock is currently owned by hedge funds and other institutional investors.
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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