KLA-Tencor Corp (NASDAQ:KLAC) Short Interest Up 24.6% in September

KLA-Tencor Corp (NASDAQ:KLAC) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,600,000 shares, an increase of 24.6% from the August 30th total of 2,890,000 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is currently 2.3 days.

NASDAQ KLAC traded up $2.82 on Friday, hitting $160.22. 1,036,797 shares of the stock were exchanged, compared to its average volume of 1,563,413. The company has a quick ratio of 1.73, a current ratio of 2.44 and a debt-to-equity ratio of 1.19. KLA-Tencor has a fifty-two week low of $80.65 and a fifty-two week high of $162.68. The company has a market cap of $24.95 billion, a PE ratio of 18.94, a PEG ratio of 1.43 and a beta of 1.71. The company has a 50-day moving average price of $152.72 and a 200-day moving average price of $129.03.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $2.22 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts predict that KLA-Tencor will post 9.5 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of KLA-Tencor from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a report on Wednesday, September 18th. Bank of America lifted their price objective on shares of KLA-Tencor from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Citigroup lifted their price objective on shares of KLA-Tencor from $156.50 to $180.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Deutsche Bank lifted their price objective on shares of KLA-Tencor from $120.00 to $133.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. KLA-Tencor has a consensus rating of “Buy” and an average target price of $154.23.

In other KLA-Tencor news, CEO Amichai Steimberg sold 8,962 shares of KLA-Tencor stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $138.80, for a total transaction of $1,243,925.60. Following the completion of the sale, the chief executive officer now directly owns 19,892 shares in the company, valued at $2,761,009.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ahmad A. Khan sold 4,278 shares of KLA-Tencor stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $141.62, for a total transaction of $605,850.36. Following the completion of the transaction, the insider now owns 7,834 shares of the company’s stock, valued at approximately $1,109,451.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,284 shares of company stock valued at $6,893,570. Company insiders own 0.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of KLAC. First Trust Advisors LP grew its holdings in KLA-Tencor by 38.5% during the 1st quarter. First Trust Advisors LP now owns 966,488 shares of the semiconductor company’s stock worth $115,408,000 after acquiring an additional 268,412 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in KLA-Tencor during the 1st quarter worth approximately $176,000. Principal Financial Group Inc. grew its holdings in KLA-Tencor by 7.5% during the 1st quarter. Principal Financial Group Inc. now owns 253,634 shares of the semiconductor company’s stock worth $30,286,000 after acquiring an additional 17,644 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in KLA-Tencor by 16.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 158,552 shares of the semiconductor company’s stock worth $18,933,000 after acquiring an additional 22,263 shares in the last quarter. Finally, Hancock Whitney Corp grew its holdings in KLA-Tencor by 7.0% during the 1st quarter. Hancock Whitney Corp now owns 10,511 shares of the semiconductor company’s stock worth $1,256,000 after acquiring an additional 685 shares in the last quarter. Institutional investors own 87.68% of the company’s stock.

About KLA-Tencor

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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