Needham & Company LLC reaffirmed their hold rating on shares of KLA-Tencor (NASDAQ:KLAC) in a report issued on Tuesday, May 7th, AnalystRatings.com reports.
Several other brokerages have also issued reports on KLAC. Goldman Sachs Group assumed coverage on shares of KLA-Tencor in a report on Tuesday, April 9th. They set a sell rating and a $107.00 price objective on the stock. UBS Group lifted their price target on shares of KLA-Tencor from $135.00 to $140.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Cowen reaffirmed an outperform rating and issued a $145.00 price target (up from $140.00) on shares of KLA-Tencor in a report on Tuesday, May 7th. KeyCorp boosted their price objective on shares of KLA-Tencor from $143.00 to $149.00 and gave the company an overweight rating in a report on Tuesday, May 7th. Finally, BidaskClub lowered shares of KLA-Tencor from a strong-buy rating to a buy rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. KLA-Tencor currently has a consensus rating of Hold and a consensus price target of $133.36.
Shares of KLA-Tencor stock traded up $0.65 on Tuesday, hitting $103.39. 1,766,431 shares of the company traded hands, compared to its average volume of 1,608,123. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61. KLA-Tencor has a 52 week low of $80.65 and a 52 week high of $129.03. The company has a market capitalization of $16.78 billion, a PE ratio of 12.92, a P/E/G ratio of 1.12 and a beta of 1.61.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. KLA-Tencor’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $2.02 earnings per share. On average, analysts forecast that KLA-Tencor will post 8.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.90%. KLA-Tencor’s dividend payout ratio (DPR) is currently 37.50%.
In related news, CFO Bren D. Higgins sold 1,669 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.63, for a total transaction of $194,655.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ahmad A. Khan sold 3,633 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total transaction of $422,336.25. Following the transaction, the executive vice president now owns 549 shares of the company’s stock, valued at approximately $63,821.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,943 shares of company stock valued at $1,033,979. Insiders own 0.19% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its position in KLA-Tencor by 5.4% during the third quarter. Legal & General Group Plc now owns 799,989 shares of the semiconductor company’s stock worth $81,367,000 after buying an additional 40,648 shares in the last quarter. Morgan Stanley lifted its stake in KLA-Tencor by 9.2% during the third quarter. Morgan Stanley now owns 537,733 shares of the semiconductor company’s stock worth $54,692,000 after purchasing an additional 45,390 shares during the last quarter. Federated Investors Inc. PA lifted its stake in KLA-Tencor by 40.4% during the third quarter. Federated Investors Inc. PA now owns 240,617 shares of the semiconductor company’s stock worth $24,473,000 after purchasing an additional 69,239 shares during the last quarter. Vanguard Group Inc lifted its stake in KLA-Tencor by 0.6% during the third quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock worth $1,781,510,000 after purchasing an additional 103,504 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in KLA-Tencor by 34.3% during the fourth quarter. CENTRAL TRUST Co now owns 3,869 shares of the semiconductor company’s stock worth $346,000 after purchasing an additional 989 shares during the last quarter. 88.94% of the stock is owned by institutional investors.
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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