B. Riley reiterated their buy rating on shares of KLA-Tencor Corporation (NASDAQ:KLAC) in a report issued on Friday morning, Marketbeat reports. B. Riley currently has a $129.00 target price on the semiconductor company’s stock, up from their previous target price of $120.00.
KLAC has been the topic of a number of other reports. Credit Suisse Group reaffirmed an outperform rating on shares of KLA-Tencor Corporation in a report on Thursday, August 31st. Needham & Company LLC reaffirmed a buy rating and set a $120.00 price objective on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a hold rating and set a $103.00 price objective (up from $102.00) on shares of KLA-Tencor Corporation in a report on Sunday, July 30th. Zacks Investment Research downgraded shares of KLA-Tencor Corporation from a strong-buy rating to a hold rating in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of KLA-Tencor Corporation from a hold rating to a sell rating in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $107.32.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded down 0.51% during mid-day trading on Friday, reaching $107.52. 861,994 shares of the company’s stock were exchanged. The company has a market cap of $16.86 billion, a PE ratio of 18.29 and a beta of 1.68. KLA-Tencor Corporation has a 52-week low of $73.30 and a 52-week high of $109.78. The company’s 50-day moving average price is $103.20 and its 200 day moving average price is $98.89.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities research analysts predict that KLA-Tencor Corporation will post $7.12 EPS for the current year.
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In other KLA-Tencor Corporation news, insider Richard P. Wallace sold 37,377 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the sale, the insider now directly owns 58,831 shares of the company’s stock, valued at $5,345,384.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Brian Lorig sold 526 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total transaction of $48,839.10. Following the sale, the senior vice president now directly owns 1,092 shares in the company, valued at $101,392.20. The disclosure for this sale can be found here. Insiders sold a total of 84,512 shares of company stock worth $7,726,826 over the last three months. 0.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. E&G Advisors LP purchased a new stake in KLA-Tencor Corporation during the third quarter valued at about $530,000. Crossmark Global Holdings Inc. purchased a new stake in KLA-Tencor Corporation during the third quarter valued at about $8,878,000. Raymond James Financial Services Advisors Inc. lifted its holdings in KLA-Tencor Corporation by 8.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,459 shares of the semiconductor company’s stock valued at $685,000 after purchasing an additional 493 shares during the last quarter. Baldwin Brothers Inc. MA purchased a new stake in KLA-Tencor Corporation during the third quarter valued at about $4,811,000. Finally, Pictet Asset Management Ltd. lifted its holdings in KLA-Tencor Corporation by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after purchasing an additional 770,480 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.
KLA-Tencor Corporation Company Profile
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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