KLA-Tencor Corp (KLAC) Receives $130.00 Average Target Price from Analysts

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Shares of KLA-Tencor Corp (NASDAQ:KLAC) have been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $130.00.

KLAC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Friday, January 18th. B. Riley boosted their price objective on shares of KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, October 30th. Deutsche Bank cut their price objective on shares of KLA-Tencor from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday, October 30th. ValuEngine raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, BidaskClub raised shares of KLA-Tencor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th.

In other KLA-Tencor news, CFO Bren D. Higgins sold 3,795 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $94.07, for a total value of $356,995.65. Following the sale, the chief financial officer now owns 1,669 shares in the company, valued at approximately $157,002.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Teri A. Little sold 2,525 shares of the company’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $95.00, for a total transaction of $239,875.00. Following the sale, the executive vice president now owns 7,127 shares in the company, valued at $677,065. The disclosure for this sale can be found here. Insiders sold a total of 12,462 shares of company stock valued at $1,189,807 in the last ninety days. 0.19% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of KLAC. Oregon Public Employees Retirement Fund boosted its stake in shares of KLA-Tencor by 9,077.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 3,668,943 shares in the last quarter. Beutel Goodman & Co Ltd. acquired a new stake in KLA-Tencor during the third quarter valued at $67,554,000. Deutsche Bank AG grew its position in KLA-Tencor by 86.7% during the third quarter. Deutsche Bank AG now owns 1,386,302 shares of the semiconductor company’s stock valued at $140,997,000 after buying an additional 643,848 shares during the period. Renaissance Technologies LLC grew its position in shares of KLA-Tencor by 432.0% in the third quarter. Renaissance Technologies LLC now owns 610,822 shares of the semiconductor company’s stock valued at $62,127,000 after purchasing an additional 496,000 shares during the period. Finally, FIL Ltd grew its position in shares of KLA-Tencor by 23.3% in the third quarter. FIL Ltd now owns 2,418,727 shares of the semiconductor company’s stock valued at $246,009,000 after purchasing an additional 456,511 shares during the period. 94.43% of the stock is currently owned by institutional investors.

KLAC traded up $1.55 during mid-day trading on Friday, reaching $107.17. 37,879 shares of the company traded hands, compared to its average volume of 1,488,250. The firm has a market cap of $15.98 billion, a PE ratio of 13.39, a P/E/G ratio of 1.76 and a beta of 1.59. The company has a current ratio of 3.03, a quick ratio of 2.35 and a debt-to-equity ratio of 1.24. KLA-Tencor has a 52-week low of $80.65 and a 52-week high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. During the same period in the previous year, the business earned $1.97 EPS. As a group, research analysts forecast that KLA-Tencor will post 8.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, February 14th. KLA-Tencor’s dividend payout ratio is currently 37.50%.

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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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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