UBS Group upgraded shares of KLA-Tencor (NASDAQ:KLAC) to a neutral rating in a research report released on Thursday morning, The Fly reports.
KLAC has been the topic of several other research reports. KeyCorp upgraded shares of KLA-Tencor from a sector weight rating to an overweight rating and set a $134.00 price objective on the stock in a research report on Monday, December 18th. Zacks Investment Research raised shares of KLA-Tencor from a hold rating to a buy rating and set a $122.00 target price for the company in a report on Wednesday, December 27th. Needham & Company LLC lowered shares of KLA-Tencor from a strong-buy rating to a buy rating and set a $130.00 target price for the company. in a report on Monday, January 8th. Stifel Nicolaus raised their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the company a buy rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group reissued an outperform rating and issued a $134.00 target price (up from $124.00) on shares of KLA-Tencor in a report on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $120.57.
Shares of KLA-Tencor (NASDAQ KLAC) opened at $110.47 on Thursday. The stock has a market cap of $17,300.00, a P/E ratio of 15.85 and a beta of 1.53. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03. KLA-Tencor has a 1 year low of $87.93 and a 1 year high of $121.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a $0.75 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. KLA-Tencor’s dividend payout ratio (DPR) is 33.86%.
In other KLA-Tencor news, insider Richard P. Wallace sold 13,299 shares of KLA-Tencor stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the completion of the transaction, the insider now directly owns 43,442 shares of the company’s stock, valued at $4,782,964.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ahmad A. Khan sold 2,975 shares of KLA-Tencor stock in a transaction on Friday, February 9th. The stock was sold at an average price of $99.71, for a total transaction of $296,637.25. The disclosure for this sale can be found here. Insiders have sold 23,091 shares of company stock valued at $2,533,647 over the last ninety days. 0.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of KLAC. Ameriprise Financial Inc. boosted its stake in KLA-Tencor by 375.7% during the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock worth $118,799,000 after buying an additional 885,147 shares during the period. Pictet Asset Management Ltd. boosted its stake in KLA-Tencor by 46.0% during the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock worth $259,075,000 after buying an additional 770,480 shares during the period. Two Sigma Advisers LP boosted its stake in KLA-Tencor by 87.4% during the fourth quarter. Two Sigma Advisers LP now owns 1,512,896 shares of the semiconductor company’s stock worth $158,960,000 after buying an additional 705,464 shares during the period. Nordea Investment Management AB boosted its stake in KLA-Tencor by 9,592.9% during the third quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock worth $67,668,000 after buying an additional 631,791 shares during the period. Finally, Schroder Investment Management Group boosted its stake in KLA-Tencor by 176.2% during the fourth quarter. Schroder Investment Management Group now owns 724,904 shares of the semiconductor company’s stock worth $76,165,000 after buying an additional 462,404 shares during the period. 90.65% of the stock is owned by institutional investors.
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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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