KLA-Tencor Corporation (KLAC) Receiving Somewhat Positive Press Coverage, Study Finds

Headlines about KLA-Tencor Corporation (NASDAQ:KLAC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KLA-Tencor Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 47.0538560565007 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern’s rankings:

Several research analysts have commented on the company. Citigroup Inc. raised their target price on KLA-Tencor Corporation from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday. B. Riley restated a “buy” rating and issued a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor Corporation in a research note on Friday, October 27th. J P Morgan Chase & Co restated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor Corporation in a research note on Friday, October 27th. Stifel Nicolaus raised their target price on KLA-Tencor Corporation from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corporation has a consensus rating of “Hold” and an average target price of $107.51.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was up 29.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.17%. KLA-Tencor Corporation’s payout ratio is presently 36.14%.

In related news, insider Bobby R. Bell sold 4,236 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 8,908 shares of the company’s stock, valued at $939,883.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bren D. Higgins sold 9,567 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $852,898.05. Following the transaction, the chief financial officer now directly owns 5,175 shares of the company’s stock, valued at $461,351.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,672 shares of company stock valued at $7,648,832. 0.20% of the stock is owned by corporate insiders.

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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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