KLA-Tencor (NASDAQ:KLAC) Price Target Raised to $150.00

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KLA-Tencor (NASDAQ:KLAC) had its target price hoisted by Wells Fargo & Co from $120.00 to $150.00 in a research note published on Tuesday morning, The Fly reports. They currently have a market perform rating on the semiconductor company’s stock.

Several other equities research analysts also recently issued reports on the company. Credit Suisse Group boosted their price objective on KLA-Tencor from $130.00 to $170.00 and gave the company an outperform rating in a report on Tuesday, August 6th. UBS Group boosted their price objective on KLA-Tencor to $150.00 and gave the company a buy rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on KLA-Tencor from $160.00 to $180.00 and gave the company an overweight rating in a report on Tuesday, August 6th. KeyCorp boosted their price objective on KLA-Tencor from $149.00 to $152.00 and gave the company an overweight rating in a report on Tuesday, August 6th. Finally, Goldman Sachs Group downgraded KLA-Tencor from a neutral rating to a sell rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $149.35.

KLAC stock opened at $149.61 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $23.69 billion, a PE ratio of 17.68, a P/E/G ratio of 1.19 and a beta of 1.68. KLA-Tencor has a 12-month low of $80.65 and a 12-month high of $155.33. The business’s fifty day moving average price is $140.94 and its 200 day moving average price is $123.22.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.07. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 EPS. Research analysts predict that KLA-Tencor will post 9.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.00 annualized dividend and a yield of 2.01%. KLA-Tencor’s payout ratio is 35.46%.

In related news, insider Brian M. Trafas sold 274 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $121.36, for a total transaction of $33,252.64. Following the completion of the transaction, the insider now directly owns 274 shares of the company’s stock, valued at approximately $33,252.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Lorig sold 1,505 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $151.58, for a total value of $228,127.90. The disclosure for this sale can be found here. Insiders have sold a total of 42,807 shares of company stock valued at $5,860,097 over the last three months. 0.19% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of KLA-Tencor by 4.0% during the 2nd quarter. BlackRock Inc. now owns 12,248,818 shares of the semiconductor company’s stock worth $1,447,811,000 after acquiring an additional 470,708 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of KLA-Tencor by 19.2% during the 1st quarter. Pictet Asset Management Ltd. now owns 3,545,429 shares of the semiconductor company’s stock worth $423,360,000 after acquiring an additional 571,970 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of KLA-Tencor by 14.1% during the 2nd quarter. Janus Henderson Group PLC now owns 3,391,942 shares of the semiconductor company’s stock worth $400,927,000 after acquiring an additional 418,962 shares in the last quarter. Invesco Ltd. boosted its position in shares of KLA-Tencor by 6.9% during the 2nd quarter. Invesco Ltd. now owns 2,843,671 shares of the semiconductor company’s stock worth $336,121,000 after acquiring an additional 184,732 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of KLA-Tencor by 3.8% during the 2nd quarter. Northern Trust Corp now owns 2,393,606 shares of the semiconductor company’s stock worth $282,924,000 after acquiring an additional 86,714 shares in the last quarter. 87.25% of the stock is owned by hedge funds and other institutional investors.

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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