KLA-Tencor (NASDAQ:KLAC) had its price target lowered by Deutsche Bank from $115.00 to $105.00 in a research note published on Tuesday. The brokerage currently has a hold rating on the semiconductor company’s stock.
Several other research analysts have also recently issued reports on the company. Citigroup dropped their price objective on KLA-Tencor from $128.00 to $121.00 and set a buy rating on the stock in a research note on Tuesday, September 25th. BidaskClub cut KLA-Tencor from a hold rating to a sell rating in a research note on Thursday, September 20th. Zacks Investment Research cut KLA-Tencor from a buy rating to a hold rating in a research note on Tuesday, July 24th. Evercore ISI raised KLA-Tencor from an in-line rating to an outperform rating and increased their price objective for the stock from $130.00 to $140.00 in a research note on Tuesday, September 4th. Finally, ValuEngine cut KLA-Tencor from a hold rating to a sell rating in a research note on Wednesday, September 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $129.54.
NASDAQ:KLAC traded down $1.63 during midday trading on Tuesday, hitting $93.29. The stock had a trading volume of 1,577,136 shares, compared to its average volume of 2,032,369. KLA-Tencor has a one year low of $84.59 and a one year high of $123.96. The stock has a market cap of $14.17 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.39 and a beta of 1.55. The company has a quick ratio of 2.97, a current ratio of 3.62 and a debt-to-equity ratio of 1.43.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. KLA-Tencor had a return on equity of 93.99% and a net margin of 22.05%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. KLA-Tencor’s revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that KLA-Tencor will post 9.17 EPS for the current fiscal year.
In other news, insider Richard P. Wallace sold 14,207 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $118.49, for a total transaction of $1,683,387.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Virendra A. Kirloskar sold 1,537 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $118.87, for a total value of $182,703.19. The disclosure for this sale can be found here. Insiders have sold a total of 51,880 shares of company stock worth $6,075,839 in the last ninety days. Insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of KLA-Tencor by 187.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,042 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 679 shares during the last quarter. Sonora Investment Management LLC lifted its holdings in shares of KLA-Tencor by 905.7% during the 2nd quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 960 shares during the last quarter. Exane Asset Management purchased a new stake in shares of KLA-Tencor during the 2nd quarter valued at $165,000. Piedmont Investment Advisors LLC purchased a new stake in shares of KLA-Tencor during the 2nd quarter valued at $181,000. Finally, First Mercantile Trust Co. lifted its holdings in shares of KLA-Tencor by 41.1% during the 2nd quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 534 shares during the last quarter. Hedge funds and other institutional investors own 91.96% of the company’s stock.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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