Deutsche Bank AG restated their hold rating on shares of KLA-Tencor Corp (NASDAQ:KLAC) in a report published on Saturday, April 29th. Deutsche Bank AG currently has a $100.00 price objective on the semiconductor company’s stock, up from their previous price objective of $85.00.
A number of other analysts have also recently weighed in on KLAC. Susquehanna Bancshares Inc restated a negative rating on shares of KLA-Tencor Corp in a research note on Monday, April 17th. Vetr lowered shares of KLA-Tencor Corp from a buy rating to a hold rating and set a $90.17 target price on the stock. in a research report on Thursday, February 2nd. B. Riley reissued a buy rating and issued a $106.00 price target on shares of KLA-Tencor Corp in a report on Thursday, February 2nd. Stifel Nicolaus boosted their price target on shares of KLA-Tencor Corp from $71.00 to $83.00 and gave the company a hold rating in a report on Friday, January 27th. Finally, Needham & Company LLC boosted their price target on shares of KLA-Tencor Corp from $105.00 to $120.00 and gave the company a strong-buy rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $92.62.
Shares of KLA-Tencor Corp (NASDAQ:KLAC) traded up 1.35% during mid-day trading on Friday, hitting $102.21. 522,316 shares of the stock were exchanged. KLA-Tencor Corp has a one year low of $66.88 and a one year high of $104.22. The company has a 50-day moving average of $98.58 and a 200 day moving average of $87.52. The stock has a market cap of $16.02 billion, a PE ratio of 17.07 and a beta of 1.62.
KLA-Tencor Corp (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.54 by $0.08. The business had revenue of $914 million during the quarter, compared to analysts’ expectations of $895.69 million. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. On average, equities analysts predict that KLA-Tencor Corp will post $5.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, May 11th. This represents a $2.16 annualized dividend and a yield of 2.14%. KLA-Tencor Corp’s dividend payout ratio (DPR) is presently 39.27%.
In related news, SVP Brian Lorig sold 1,663 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $99.81, for a total value of $165,984.03. Following the sale, the senior vice president now directly owns 1,346 shares in the company, valued at $134,344.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Kennedy sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $99.09, for a total value of $247,725.00. The disclosure for this sale can be found here. Insiders have sold 15,096 shares of company stock worth $1,437,147 over the last quarter. 0.26% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in KLAC. Vanguard Group Inc. raised its stake in KLA-Tencor Corp by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock worth $1,566,668,000 after buying an additional 482,997 shares in the last quarter. Primecap Management Co. CA raised its stake in KLA-Tencor Corp by 1.0% in the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock worth $1,345,167,000 after buying an additional 140,530 shares in the last quarter. BlackRock Inc. raised its stake in shares of KLA-Tencor Corp by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after buying an additional 10,573,812 shares in the last quarter. State Street Corp raised its stake in shares of KLA-Tencor Corp by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after buying an additional 436,022 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of KLA-Tencor Corp by 1.3% in the first quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock valued at $508,720,000 after buying an additional 66,248 shares in the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.
KLA-Tencor Corp 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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