KLA-Tencor (NASDAQ:KLAC) had its price target decreased by analysts at Citigroup from $128.00 to $121.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price target points to a potential upside of 20.30% from the company’s previous close.
Several other research firms have also commented on KLAC. B. Riley cut their price target on shares of KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Wednesday, August 1st. Deutsche Bank raised their price target on shares of KLA-Tencor from $115.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, June 5th. Evercore ISI upgraded shares of KLA-Tencor from an “in-line” rating to an “outperform” rating and raised their price target for the company from $130.00 to $140.00 in a report on Tuesday, September 4th. Finally, BidaskClub lowered shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Buy” and an average price target of $136.14.
NASDAQ KLAC opened at $100.58 on Tuesday. KLA-Tencor has a one year low of $96.12 and a one year high of $123.96. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.97 and a current ratio of 3.73. The company has a market capitalization of $15.98 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.57.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, July 30th. The semiconductor company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.08. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $1.64 earnings per share. KLA-Tencor’s revenue for the quarter was up 14.0% compared to the same quarter last year. equities research analysts predict that KLA-Tencor will post 9.28 EPS for the current year.
In other news, insider Richard P. Wallace sold 14,207 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian M. Trafas sold 649 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $116.42, for a total transaction of $75,556.58. The disclosure for this sale can be found here. Insiders sold 52,115 shares of company stock valued at $6,100,246 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. acquired a new stake in shares of KLA-Tencor during the second quarter worth approximately $10,204,000. Exane Asset Management acquired a new stake in shares of KLA-Tencor during the second quarter worth approximately $165,000. Schroder Investment Management Group grew its position in shares of KLA-Tencor by 63.0% during the second quarter. Schroder Investment Management Group now owns 1,005,470 shares of the semiconductor company’s stock worth $102,367,000 after buying an additional 388,591 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of KLA-Tencor by 40.1% during the second quarter. Public Employees Retirement System of Ohio now owns 92,844 shares of the semiconductor company’s stock worth $9,519,000 after buying an additional 26,570 shares in the last quarter. Finally, Guinness Asset Management Ltd grew its position in shares of KLA-Tencor by 13.6% during the second quarter. Guinness Asset Management Ltd now owns 59,730 shares of the semiconductor company’s stock worth $6,124,000 after buying an additional 7,160 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.
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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