KLA-Tencor (KLAC) Earns News Impact Rating of 0.12
Media headlines about KLA-Tencor (NASDAQ:KLAC) have been trending somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. 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 earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 46.7854559584338 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
KLAC has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Wednesday, December 27th. KeyCorp raised shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research report on Monday, December 18th. Needham & Company LLC downgraded shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price objective on the stock. in a research report on Monday, January 8th. B. Riley reaffirmed a “buy” rating and set a $129.00 price objective (up from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. Finally, Argus initiated coverage on shares of KLA-Tencor in a research report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. KLA-Tencor currently has an average rating of “Buy” and an average price target of $120.57.
KLA-Tencor (NASDAQ:KLAC) traded down $0.88 during midday trading on Wednesday, reaching $109.67. 1,561,966 shares of the company’s stock were exchanged, compared to its average volume of 1,648,208. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. The firm has a market capitalization of $17,240.00, a PE ratio of 15.73 and a beta of 1.53. KLA-Tencor has a 1 year low of $87.93 and a 1 year high of $121.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be paid a $0.75 dividend. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. KLA-Tencor’s payout ratio is 33.86%.
In other news, EVP Ahmad A. Khan sold 2,975 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian M. Trafas sold 1,120 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.04, for a total transaction of $123,244.80. The disclosure for this sale can be found here. Insiders sold 23,091 shares of company stock valued at $2,533,647 over the last quarter. Corporate insiders own 0.20% of the company’s stock.
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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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