KLA-Tencor (NASDAQ:KLAC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday, September 20th.
A number of other equities research analysts have also commented on the company. ValuEngine lowered KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Evercore ISI upgraded KLA-Tencor from an “in-line” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a research report on Tuesday, September 4th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Wednesday, August 1st. B. Riley reduced their price target on KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Finally, Stifel Nicolaus upped their price target on KLA-Tencor from $143.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. KLA-Tencor currently has a consensus rating of “Buy” and a consensus target price of $136.14.
KLAC stock traded up $1.42 during midday trading on Thursday, reaching $93.19. 1,473,379 shares of the stock were exchanged, compared to its average volume of 1,517,927. The firm has a market capitalization of $15.88 billion, a P/E ratio of 11.65, a P/E/G ratio of 1.12 and a beta of 1.57. KLA-Tencor has a 52 week low of $91.29 and a 52 week high of $123.96. The company has a quick ratio of 2.97, a current ratio of 3.73 and a debt-to-equity ratio of 1.38.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, July 30th. The semiconductor company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. KLA-Tencor’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, equities research analysts expect that KLA-Tencor will post 9.28 EPS for the current fiscal year.
In related news, insider Richard P. Wallace sold 14,207 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $118.49, for a total transaction of $1,683,387.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Virendra A. Kirloskar sold 1,537 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $118.87, for a total value of $182,703.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,880 shares of company stock worth $6,075,839. 0.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Lau Associates LLC raised its stake in KLA-Tencor by 12.6% during the 3rd quarter. Lau Associates LLC now owns 17,900 shares of the semiconductor company’s stock worth $1,821,000 after buying an additional 2,000 shares during the period. Bank of Montreal Can raised its stake in shares of KLA-Tencor by 14.0% in the third quarter. Bank of Montreal Can now owns 452,045 shares of the semiconductor company’s stock worth $45,979,000 after purchasing an additional 55,584 shares during the last quarter. Gradient Investments LLC raised its stake in shares of KLA-Tencor by 6.9% in the third quarter. Gradient Investments LLC now owns 83,050 shares of the semiconductor company’s stock worth $8,447,000 after purchasing an additional 5,379 shares during the last quarter. Advisors Capital Management LLC raised its stake in shares of KLA-Tencor by 34.8% in the third quarter. Advisors Capital Management LLC now owns 38,407 shares of the semiconductor company’s stock worth $3,906,000 after purchasing an additional 9,919 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in shares of KLA-Tencor by 3.4% in the third quarter. DNB Asset Management AS now owns 20,269 shares of the semiconductor company’s stock worth $2,062,000 after purchasing an additional 669 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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