KLA-Tencor Corp. (KLAC) Downgraded by Vetr Inc. to Hold
KLA-Tencor Corp. (NASDAQ:KLAC) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $82.32 price target on the stock. Vetr‘s target price indicates a potential upside of 2.85% from the company’s current price.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised KLA-Tencor Corp. from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, November 15th. Summit Redstone cut KLA-Tencor Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. B. Riley reissued a “buy” rating and issued a $91.00 price objective on shares of KLA-Tencor Corp. in a research note on Thursday, October 27th. Susquehanna set a $70.00 price objective on KLA-Tencor Corp. and gave the stock a “hold” rating in a research note on Monday, October 24th. Finally, Nomura reissued a “neutral” rating and issued a $75.00 price objective (up previously from $67.00) on shares of KLA-Tencor Corp. in a research note on Saturday, October 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.80.
KLA-Tencor Corp. (NASDAQ:KLAC) opened at 80.04 on Monday. KLA-Tencor Corp. has a 1-year low of $62.33 and a 1-year high of $80.24. The stock has a 50 day moving average price of $73.79 and a 200 day moving average price of $72.29. The stock has a market cap of $12.51 billion, a PE ratio of 16.12 and a beta of 1.60.
KLA-Tencor Corp. (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, October 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.13. KLA-Tencor Corp. had a return on equity of 138.28% and a net margin of 25.15%. The company had revenue of $751 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. KLA-Tencor Corp.’s revenue was up 16.8% compared to the same quarter last year. On average, analysts predict that KLA-Tencor Corp. will post $5.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a $0.54 dividend. This is a positive change from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, November 10th. This represents a $2.16 dividend on an annualized basis and a yield of 2.70%. KLA-Tencor Corp.’s dividend payout ratio (DPR) is 43.55%.
In related news, insider Michael Kirk sold 19,750 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $74.54, for a total value of $1,472,165.00. Following the completion of the transaction, the insider now owns 1,279 shares in the company, valued at approximately $95,336.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian M. Trafas sold 8,095 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $74.70, for a total value of $604,696.50. Following the completion of the transaction, the senior vice president now owns 137 shares of the company’s stock, valued at approximately $10,233.90. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. raised its position in shares of KLA-Tencor Corp. by 7.0% in the first quarter. Panagora Asset Management Inc. now owns 143,231 shares of the company’s stock worth $10,429,000 after buying an additional 9,394 shares during the period. Arizona State Retirement System raised its position in KLA-Tencor Corp. by 0.7% in the first quarter. Arizona State Retirement System now owns 58,480 shares of the company’s stock worth $4,258,000 after buying an additional 400 shares during the last quarter. Seven Eight Capital LLC raised its position in KLA-Tencor Corp. by 1,840.0% in the first quarter. Seven Eight Capital LLC now owns 19,400 shares of the company’s stock worth $1,413,000 after buying an additional 18,400 shares during the last quarter. Squarepoint Ops LLC bought a new position in KLA-Tencor Corp. during the first quarter worth $3,992,000. Finally, Exxonmobil Investment Management Inc. TX raised its position in KLA-Tencor Corp. by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 40,305 shares of the company’s stock worth $2,952,000 after buying an additional 2,404 shares during the last quarter. Institutional investors own 85.32% of the company’s stock.
KLA-Tencor Corp. Company Profile
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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