KLA-Tencor (NASDAQ:KLAC) had its price target boosted by KeyCorp from $152.00 to $162.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the semiconductor company’s stock.
A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Co increased their target price on shares of KLA-Tencor from $120.00 to $150.00 and gave the stock a market perform rating in a research report on Tuesday, September 10th. Cowen reiterated an outperform rating and issued a $155.00 target price (up previously from $145.00) on shares of KLA-Tencor in a research report on Tuesday, August 6th. Citigroup increased their target price on shares of KLA-Tencor from $126.00 to $156.50 and gave the stock a buy rating in a research report on Friday, August 23rd. ValuEngine upgraded shares of KLA-Tencor from a hold rating to a buy rating in a research report on Saturday, August 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of KLA-Tencor from $160.00 to $180.00 and gave the stock an overweight rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $149.35.
KLAC stock opened at $150.32 on Thursday. KLA-Tencor has a 12-month low of $80.65 and a 12-month high of $155.33. The company has a quick ratio of 1.73, a current ratio of 2.44 and a debt-to-equity ratio of 1.19. The company has a market cap of $23.83 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.20 and a beta of 1.68. The company has a 50 day moving average of $141.10 and a two-hundred day moving average of $123.40.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $2.22 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that KLA-Tencor will post 9.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.00%. KLA-Tencor’s dividend payout ratio is currently 35.46%.
In related news, CFO Bren D. Higgins sold 1,654 shares of KLA-Tencor stock in a transaction on Monday, August 5th. The shares were sold at an average price of $130.10, for a total value of $215,185.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian M. Trafas sold 274 shares of KLA-Tencor stock in a transaction on Monday, July 1st. The stock was sold at an average price of $121.36, for a total transaction of $33,252.64. Following the completion of the transaction, the insider now owns 274 shares in the company, valued at approximately $33,252.64. The disclosure for this sale can be found here. Insiders sold a total of 42,807 shares of company stock worth $5,860,097 in the last quarter. Insiders own 0.19% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in KLA-Tencor by 4.0% in the 2nd quarter. BlackRock Inc. now owns 12,248,818 shares of the semiconductor company’s stock worth $1,447,811,000 after acquiring an additional 470,708 shares during the period. Pictet Asset Management Ltd. raised its holdings in KLA-Tencor by 19.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,545,429 shares of the semiconductor company’s stock worth $423,360,000 after acquiring an additional 571,970 shares during the period. Janus Henderson Group PLC raised its holdings in KLA-Tencor by 14.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,391,942 shares of the semiconductor company’s stock worth $400,927,000 after acquiring an additional 418,962 shares during the period. Invesco Ltd. raised its holdings in KLA-Tencor by 6.9% in the 2nd quarter. Invesco Ltd. now owns 2,843,671 shares of the semiconductor company’s stock worth $336,121,000 after acquiring an additional 184,732 shares during the period. Finally, Northern Trust Corp raised its holdings in KLA-Tencor by 3.8% in the 2nd quarter. Northern Trust Corp now owns 2,393,606 shares of the semiconductor company’s stock worth $282,924,000 after acquiring an additional 86,714 shares during the period. Hedge funds and other institutional investors own 87.25% 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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