KLA-Tencor Corp (KLAC) Receives Average Rating of “Hold” from Brokerages

Shares of KLA-Tencor Corp (NASDAQ:KLAC) have earned a consensus rating of “Hold” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $130.00.

Several research analysts have commented on the stock. KeyCorp lowered their price objective on shares of KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, October 30th. BidaskClub upgraded shares of KLA-Tencor from a “strong sell” rating to a “sell” rating in a report on Friday, November 23rd. Cowen set a $120.00 price target on shares of KLA-Tencor and gave the company an “outperform” rating in a research report on Tuesday, October 30th. Zacks Investment Research cut shares of KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Finally, ValuEngine raised shares of KLA-Tencor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st.

Shares of NASDAQ:KLAC traded up $1.87 during trading on Monday, reaching $98.56. 1,492,297 shares of the stock were exchanged, compared to its average volume of 1,671,857. KLA-Tencor has a 12 month low of $84.59 and a 12 month high of $123.96. The stock has a market cap of $14.80 billion, a PE ratio of 12.32, a P/E/G ratio of 1.47 and a beta of 1.55. The company has a quick ratio of 2.69, a current ratio of 3.45 and a debt-to-equity ratio of 1.43.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. KLA-Tencor had a net margin of 22.05% and a return on equity of 93.99%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $1.80 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that KLA-Tencor will post 9.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Saturday, November 17th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.04%. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.

In other news, SVP Brian Lorig sold 2,547 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $117.37, for a total transaction of $298,941.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Virendra A. Kirloskar sold 632 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $93.74, for a total transaction of $59,243.68. The disclosure for this sale can be found here. Insiders have sold a total of 32,392 shares of company stock worth $3,474,432 in the last three months. Insiders own 0.19% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in KLA-Tencor by 187.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,042 shares of the semiconductor company’s stock worth $107,000 after buying an additional 679 shares during the period. Sonora Investment Management LLC raised its position in KLA-Tencor by 905.7% in the 2nd quarter. Sonora Investment Management LLC now owns 1,066 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 960 shares during the period. Exane Asset Management purchased a new position in KLA-Tencor in the 2nd quarter worth $165,000. Piedmont Investment Advisors LLC purchased a new position in KLA-Tencor in the 2nd quarter worth $181,000. Finally, First Mercantile Trust Co. raised its position in KLA-Tencor by 41.1% in the 2nd quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 534 shares during the period. Institutional investors own 92.99% of the company’s stock.

KLA-Tencor Company Profile

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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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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