KLA-Tencor Corp (NASDAQ:KLAC) CAO Virendra A. Kirloskar sold 632 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $175.13, for a total value of $110,682.16. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of KLAC stock opened at $177.86 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 2.24. KLA-Tencor Corp has a 1 year low of $80.65 and a 1 year high of $179.95. The stock has a fifty day moving average of $165.42 and a two-hundred day moving average of $136.80. The firm has a market capitalization of $27.83 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.72.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.28. KLA-Tencor had a return on equity of 54.53% and a net margin of 23.03%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. Equities research analysts predict that KLA-Tencor Corp will post 9.88 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. boosted its position in KLA-Tencor by 9.8% during the 2nd quarter. Asset Management One Co. Ltd. now owns 92,577 shares of the semiconductor company’s stock worth $10,944,000 after acquiring an additional 8,236 shares during the period. American National Bank boosted its position in KLA-Tencor by 46.4% during the 3rd quarter. American National Bank now owns 46,765 shares of the semiconductor company’s stock worth $7,457,000 after acquiring an additional 14,828 shares during the period. ETRADE Capital Management LLC boosted its position in KLA-Tencor by 52.1% during the 2nd quarter. ETRADE Capital Management LLC now owns 2,714 shares of the semiconductor company’s stock worth $321,000 after acquiring an additional 930 shares during the period. Candriam Luxembourg S.C.A. boosted its position in KLA-Tencor by 24.6% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 11,610 shares of the semiconductor company’s stock worth $1,366,000 after acquiring an additional 2,290 shares during the period. Finally, U S Global Investors Inc. acquired a new position in KLA-Tencor during the 2nd quarter worth $1,816,000. Institutional investors own 87.12% of the company’s stock.
A number of brokerages recently commented on KLAC. KeyCorp upped their price objective on KLA-Tencor from $162.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Bank of America upped their price objective on KLA-Tencor from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Co upped their price objective on KLA-Tencor from $150.00 to $175.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Credit Suisse Group upped their price objective on KLA-Tencor from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank upped their price objective on KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. KLA-Tencor presently has an average rating of “Buy” and an average target price of $176.08.
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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