KLA-Tencor Corporation (NASDAQ:KLAC) SVP Virendra A. Kirloskar sold 600 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $60,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of KLA-Tencor Corporation (NASDAQ KLAC) traded up $0.80 during trading hours on Thursday, reaching $102.95. The company had a trading volume of 2,109,400 shares, compared to its average volume of 1,228,356. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. The firm has a market cap of $16,007.71, a price-to-earnings ratio of 15.52 and a beta of 1.68. KLA-Tencor Corporation has a 12 month low of $74.66 and a 12 month high of $110.00.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.17. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The company’s revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. equities analysts predict that KLA-Tencor Corporation will post 7.16 earnings per share for the current fiscal year.
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Several equities analysts have commented on the company. Citigroup Inc. upped their price objective on KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. B. Riley reiterated a “buy” rating and issued a $129.00 target price (up from $120.00) on shares of KLA-Tencor Corporation in a report on Friday, October 27th. J P Morgan Chase & Co reiterated a “buy” rating and issued a $136.00 target price on shares of KLA-Tencor Corporation in a report on Friday, October 27th. Stifel Nicolaus upped their target price on KLA-Tencor Corporation from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. KLA-Tencor Corporation presently has an average rating of “Hold” and an average price target of $107.51.
Several hedge funds have recently made changes to their positions in the company. Cypress Capital Group acquired a new position in shares of KLA-Tencor Corporation in the third quarter valued at about $336,000. Cetera Advisor Networks LLC acquired a new position in shares of KLA-Tencor Corporation in the third quarter valued at about $223,000. IFM Investors Pty Ltd acquired a new position in shares of KLA-Tencor Corporation in the third quarter valued at about $438,000. California Public Employees Retirement System increased its holdings in shares of KLA-Tencor Corporation by 7.8% in the third quarter. California Public Employees Retirement System now owns 443,338 shares of the semiconductor company’s stock valued at $46,994,000 after purchasing an additional 32,200 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of KLA-Tencor Corporation by 6.8% in the third quarter. Janney Montgomery Scott LLC now owns 23,673 shares of the semiconductor company’s stock valued at $2,509,000 after purchasing an additional 1,500 shares during the period. 89.87% of the stock is currently owned by institutional investors and hedge funds.
About KLA-Tencor Corporation
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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