Shares of KLA-Tencor (NASDAQ:KLAC) have received a consensus recommendation of “Buy” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $128.61.
Several research analysts have issued reports on the company. BidaskClub cut KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine cut KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Susquehanna Bancshares raised KLA-Tencor from a “negative” rating to a “neutral” rating in a research report on Thursday, February 22nd. KeyCorp raised their target price on KLA-Tencor from $134.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research cut KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Monday, January 29th.
NASDAQ KLAC traded down $2.71 during trading hours on Friday, hitting $107.91. The company’s stock had a trading volume of 557,140 shares, compared to its average volume of 1,512,316. KLA-Tencor has a 12 month low of $87.93 and a 12 month high of $123.96. The company has a market capitalization of $16,966.68, a price-to-earnings ratio of 18.62, a PEG ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The company had revenue of $975.82 million during the quarter, compared to the consensus estimate of $968.00 million. During the same period last year, the company earned $1.52 EPS. KLA-Tencor’s revenue for the quarter was up 11.3% on a year-over-year basis. equities analysts predict that KLA-Tencor will post 7.73 earnings per share for the current fiscal year.
KLA-Tencor declared that its board has authorized a share buyback plan on Monday, March 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.75 per share. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.78%. KLA-Tencor’s payout ratio is presently 39.73%.
In other news, insider Richard P. Wallace sold 13,299 shares of KLA-Tencor stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the transaction, the insider now directly owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ahmad A. Khan sold 2,975 shares of KLA-Tencor stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,945 shares of company stock worth $2,526,530. Insiders own 0.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in KLA-Tencor by 0.8% during the 4th quarter. BlackRock Inc. now owns 11,446,967 shares of the semiconductor company’s stock valued at $1,202,732,000 after purchasing an additional 95,284 shares during the period. Geode Capital Management LLC raised its stake in KLA-Tencor by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock valued at $229,185,000 after purchasing an additional 218,032 shares during the period. UBS Asset Management Americas Inc. raised its stake in KLA-Tencor by 5.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,536,111 shares of the semiconductor company’s stock valued at $161,399,000 after purchasing an additional 74,264 shares during the period. Two Sigma Advisers LP raised its stake in KLA-Tencor by 87.4% during the 4th quarter. Two Sigma Advisers LP now owns 1,512,896 shares of the semiconductor company’s stock valued at $158,960,000 after purchasing an additional 705,464 shares during the period. Finally, Deutsche Bank AG raised its stake in KLA-Tencor by 3.2% during the 4th quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock valued at $138,902,000 after purchasing an additional 40,512 shares during the period. 91.72% of the stock is currently owned by institutional investors.
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KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
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