KLA-Tencor Corporation’s (KLAC) Hold Rating Reaffirmed at KeyCorp
A number of other analysts have also commented on KLAC. B. Riley reissued a buy rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Friday, July 28th. BidaskClub lowered KLA-Tencor Corporation from a hold rating to a sell rating in a report on Friday, August 4th. Zacks Investment Research lowered KLA-Tencor Corporation from a strong-buy rating to a hold rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a hold rating and issued a $103.00 target price (up previously from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Finally, Susquehanna Bancshares Inc reissued a reduce rating and issued a $65.00 target price on shares of KLA-Tencor Corporation in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $101.32.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up 0.94% on Friday, reaching $106.29. The company’s stock had a trading volume of 254,193 shares. KLA-Tencor Corporation has a 52-week low of $71.11 and a 52-week high of $109.59. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 18.08 and a beta of 1.68. The stock has a 50-day moving average of $99.56 and a 200 day moving average of $98.06.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 EPS. On average, equities research analysts forecast that KLA-Tencor Corporation will post $6.74 earnings per share for the current year.
In related news, insider Bobby R. Bell sold 4,236 shares of KLA-Tencor Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total transaction of $446,940.36. Following the transaction, the insider now directly owns 8,908 shares in the company, valued at $939,883.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bren D. Higgins sold 314 shares of KLA-Tencor Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total value of $29,154.90. Following the transaction, the chief financial officer now owns 314 shares in the company, valued at $29,154.90. The disclosure for this sale can be found here. Insiders have sold 84,512 shares of company stock worth $7,726,826 over the last quarter. 0.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLAC. Ngam Advisors L.P. lifted its position in KLA-Tencor Corporation by 7.9% during the first quarter. Ngam Advisors L.P. now owns 15,887 shares of the semiconductor company’s stock valued at $1,510,000 after purchasing an additional 1,166 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in 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 purchasing an additional 420 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in KLA-Tencor Corporation during the first quarter valued at $702,000. Global X Management Co. LLC lifted its position in KLA-Tencor Corporation by 29.7% during the first quarter. Global X Management Co. LLC now owns 2,584 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 591 shares in the last quarter. Finally, Bailard Inc. lifted its position in KLA-Tencor Corporation by 2.3% during the first quarter. Bailard Inc. now owns 26,288 shares of the semiconductor company’s stock valued at $2,499,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.
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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