KLA-Tencor (NASDAQ:KLAC) Price Target Raised to $162.00 at KeyCorp

KLA-Tencor (NASDAQ:KLAC) had its price objective raised by KeyCorp from $152.00 to $162.00 in a research note published on Thursday, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

A number of other research firms have also commented on KLAC. Citigroup raised their price target on KLA-Tencor from $126.00 to $156.50 and gave the stock a buy rating in a report on Friday, August 23rd. UBS Group raised their price target on KLA-Tencor from $150.00 to $165.00 and gave the stock a buy rating in a report on Wednesday, September 11th. Cowen reaffirmed an outperform rating and issued a $155.00 price target (up from $145.00) on shares of KLA-Tencor in a report on Tuesday, August 6th. BidaskClub raised KLA-Tencor from a buy rating to a strong-buy rating in a report on Wednesday, August 21st. Finally, Evercore ISI raised KLA-Tencor from an in-line rating to an outperform rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $149.35.

Shares of NASDAQ KLAC opened at $150.32 on Thursday. The stock has a fifty day simple moving average of $141.10 and a two-hundred day simple moving average of $123.40. KLA-Tencor has a 1-year low of $80.65 and a 1-year high of $155.33. The firm has a market cap of $23.83 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68. The company has a current ratio of 2.44, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $2.22 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts forecast that KLA-Tencor will post 9.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a $0.75 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.00%. KLA-Tencor’s dividend payout ratio (DPR) is presently 35.46%.

In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 1,988 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $130.46, for a total transaction of $259,354.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian M. Trafas sold 3,679 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $130.40, for a total value of $479,741.60. The disclosure for this sale can be found here. Insiders have sold 42,807 shares of company stock worth $5,860,097 in the last 90 days. Company insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexavest Inc. purchased a new stake in KLA-Tencor during the second quarter valued at about $28,000. Parallel Advisors LLC increased its holdings in shares of KLA-Tencor by 152.3% in the first quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock worth $40,000 after buying an additional 201 shares during the period. Global Retirement Partners LLC increased its holdings in shares of KLA-Tencor by 136.8% in the first quarter. Global Retirement Partners LLC now owns 341 shares of the semiconductor company’s stock worth $41,000 after buying an additional 197 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of KLA-Tencor by 560.4% in the second quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after buying an additional 297 shares during the period. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of KLA-Tencor in the second quarter worth about $47,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

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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