KLA-Tencor Corporation (KLAC) Given Consensus Recommendation of “Hold” by Brokerages
KLA-Tencor Corporation (NASDAQ:KLAC) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $106.94.
Several equities research analysts have recently commented on the company. Credit Suisse Group set a $115.00 price target on KLA-Tencor Corporation and gave the stock a “buy” rating in a research note on Saturday, July 29th. BidaskClub lowered KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Zacks Investment Research raised KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) lowered KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $108.00 to $97.00 in a report on Wednesday, September 13th.
In related news, CFO Bren D. Higgins sold 2,559 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $239,855.07. Following the sale, the chief financial officer now owns 854 shares of the company’s stock, valued at $80,045.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ahmad A. Khan sold 3,652 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $102.20, for a total value of $373,234.40. The disclosure for this sale can be found here. Insiders sold 32,637 shares of company stock worth $3,260,560 in the last three months. 0.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of KLAC. Thrivent Financial For Lutherans boosted its stake in shares of KLA-Tencor Corporation by 7.9% during the first quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock valued at $545,000 after acquiring an additional 420 shares during the last quarter. Creative Planning boosted its stake in shares of KLA-Tencor Corporation by 4.0% during the second quarter. Creative Planning now owns 4,556 shares of the semiconductor company’s stock valued at $417,000 after acquiring an additional 176 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of KLA-Tencor Corporation by 24.9% during the second quarter. Meeder Asset Management Inc. now owns 7,920 shares of the semiconductor company’s stock valued at $725,000 after acquiring an additional 1,579 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of KLA-Tencor Corporation by 509.0% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 25,443 shares of the semiconductor company’s stock valued at $2,328,000 after acquiring an additional 21,265 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of KLA-Tencor Corporation by 24.6% during the second quarter. Eqis Capital Management Inc. now owns 8,020 shares of the semiconductor company’s stock valued at $734,000 after acquiring an additional 1,582 shares during the last quarter. 89.87% of the stock is currently owned by institutional investors and hedge funds.
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Shares of KLA-Tencor Corporation (KLAC) opened at $102.95 on Thursday. KLA-Tencor Corporation has a 52 week low of $74.66 and a 52 week high of $110.00. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $15,973.24, a P/E ratio of 15.49 and a beta of 1.68.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. research analysts forecast that KLA-Tencor Corporation will post 7.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, November 14th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 36.14%.
KLA-Tencor Corporation Company Profile
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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