Shares of KLA-Tencor Corp (NASDAQ:KLAC) have been given a consensus recommendation of “Hold” by the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $110.01.
Several analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor in a research report on Friday, October 27th. Citigroup lifted their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor in a research report on Thursday, October 19th. Finally, Stifel Nicolaus lifted their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th.
In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of KLA-Tencor stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $105.84, for a total transaction of $52,920.00. Following the transaction, the director now directly owns 15,131 shares of the company’s stock, valued at $1,601,465.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Virendra A. Kirloskar sold 600 shares of KLA-Tencor stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $101.52, for a total transaction of $60,912.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,664 shares of company stock worth $3,191,064. Insiders own 0.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of KLAC. Sun Life Financial INC raised its stake in KLA-Tencor by 14,300.0% during the second 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. raised its stake in KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares during the period. Bristlecone Advisors LLC purchased a new position in KLA-Tencor during the third quarter worth about $148,000. Edge Advisors LLC raised its stake in KLA-Tencor by 77.8% during the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in KLA-Tencor during the third quarter worth about $212,000. 90.63% of the stock is currently owned by institutional investors.
Shares of KLA-Tencor (KLAC) opened at $107.56 on Friday. The company has a market cap of $16,880.00, a price-to-earnings ratio of 16.50 and a beta of 1.63. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. KLA-Tencor has a 52-week low of $77.86 and a 52-week high of $114.43.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The firm’s revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. equities analysts expect that KLA-Tencor will post 7.31 EPS for the current year.
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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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