Somewhat Positive Media Coverage Somewhat Unlikely to Impact KLA-Tencor Corporation (KLAC) Stock Price
News coverage about KLA-Tencor Corporation (NASDAQ:KLAC) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KLA-Tencor Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.273228380023 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- KLA-Tencor Becomes #248 Most Shorted S&P 500 Component, Replacing CME Group (marketnewsvideo.com)
- KLA-Tencor Is Poised for Further Gains (realmoney.thestreet.com)
- KLA-Tencor Corporation (KLAC) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Eli Lilly and Company (LLY) Stocks with Considerable Review- KLA-Tencor Corporation (KLAC) – Investing News Update (investingbizz.com)
- KLA-Tencor Corp (KLAC) – An Industry Leader In A Rapidly Growing Market – ValueWalk (valuewalk.com)
KLA-Tencor Corporation (NASDAQ KLAC) opened at 104.17 on Thursday. KLA-Tencor Corporation has a 52-week low of $68.43 and a 52-week high of $109.59. The stock’s 50 day moving average is $92.98 and its 200-day moving average is $96.89. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 17.72 and a beta of 1.62.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million during the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. KLA-Tencor Corporation’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.77 earnings per share. Equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.25%. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date was Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is presently 40.14%.
A number of research firms recently weighed in on KLAC. BidaskClub lowered shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $115.00 price objective on shares of KLA-Tencor Corporation and gave the company a “buy” rating in a research note on Saturday, July 29th. B. Riley reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $103.00 to $106.00 in a research note on Sunday, August 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $99.40.
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In related news, SVP Brian Lorig sold 2,893 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $95.24, for a total transaction of $275,529.32. Following the completion of the transaction, the senior vice president now directly owns 566 shares of the company’s stock, valued at $53,905.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 314 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $29,154.90. Following the transaction, the chief financial officer now directly owns 314 shares of the company’s stock, valued at $29,154.90. The disclosure for this sale can be found here. Insiders have sold 83,350 shares of company stock valued at $7,560,869 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.
About KLA-Tencor Corporation
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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