KLA-Tencor Corporation (NASDAQ:KLAC)‘s stock had its “buy” rating reaffirmed by equities researchers at J P Morgan Chase & Co in a report issued on Friday, October 27th. They currently have a $136.00 target price on the semiconductor company’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 32.76% from the stock’s previous close.
A number of other research analysts also recently issued reports on KLAC. Stifel Nicolaus upped their price target on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Thursday, October 19th. Zacks Investment Research raised KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target on the stock in a report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of KLA-Tencor Corporation in a report on Sunday, October 15th. Finally, Goldman Sachs Group, Inc. (The) downgraded KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $108.00 to $97.00 in a report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $107.51.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up $0.04 during mid-day trading on Friday, reaching $102.44. The company had a trading volume of 2,176,400 shares, compared to its average volume of 1,216,760. KLA-Tencor Corporation has a 12 month low of $74.20 and a 12 month high of $110.00. The stock has a market capitalization of $16,046.89, a PE ratio of 15.56 and a beta of 1.68. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The company’s quarterly revenue was up 29.2% on a year-over-year basis. equities research analysts predict that KLA-Tencor Corporation will post 7.16 earnings per share for the current year.
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In other KLA-Tencor Corporation news, EVP Teri A. Little sold 3,120 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $105.77, for a total transaction of $330,002.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bobby R. Bell sold 3,526 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $89.93, for a total value of $317,093.18. Following the transaction, the insider now owns 9,633 shares of the company’s stock, valued at approximately $866,295.69. The disclosure for this sale can be found here. Insiders have sold 59,964 shares of company stock valued at $5,623,855 in the last quarter. 0.20% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Sun Life Financial INC boosted its holdings in shares of KLA-Tencor Corporation by 14,300.0% in the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of KLA-Tencor Corporation by 300.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 750 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 290 shares during the last quarter. Bristlecone Advisors LLC bought a new stake in shares of KLA-Tencor Corporation during the 3rd quarter worth approximately $148,000. Finally, Checchi Capital Advisers LLC lifted its stake in shares of KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 89.89% 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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