KLA-Tencor Corp. (KLAC) Reaches New 12-Month High at $75.28
KLA-Tencor Corp. (NASDAQ:KLAC)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $75.28 and last traded at $75.25, with a volume of 324,617 shares trading hands. The stock had previously closed at $74.38.
KLAC has been the subject of several recent research reports. Zacks Investment Research upgraded KLA-Tencor Corp. from a “hold” rating to a “strong-buy” rating and set a $81.00 price target for the company in a research report on Friday, April 29th. Cowen and Company lifted their price objective on KLA-Tencor Corp. from $67.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, April 27th. Finally, B. Riley reissued a “neutral” rating and set a $72.00 price objective on shares of KLA-Tencor Corp. in a research note on Monday, May 2nd. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.50.
The company has a 50-day moving average of $72.92 and a 200-day moving average of $69.72. The company has a market cap of $11.73 billion and a PE ratio of 20.65.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.17. The business had revenue of $712 million for the quarter, compared to analysts’ expectations of $725.62 million. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. Analysts expect that KLA-Tencor Corp. will post $4.30 EPS for the current year.
In other KLA-Tencor Corp. news, EVP Bobby R. Bell sold 6,343 shares of KLA-Tencor Corp. stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $69.18, for a total value of $438,808.74. Following the transaction, the executive vice president now directly owns 348 shares of the company’s stock, valued at $24,074.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bren D. Higgins sold 363 shares of KLA-Tencor Corp. stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total transaction of $26,219.49. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in KLAC. Advantus Capital Management Inc raised its position in KLA-Tencor Corp. by 3.3% in the fourth quarter. Advantus Capital Management Inc now owns 15,047 shares of the company’s stock valued at $1,044,000 after buying an additional 478 shares in the last quarter. Freestone Capital Holdings LLC raised its position in KLA-Tencor Corp. by 66.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 16,666 shares of the company’s stock valued at $1,156,000 after buying an additional 6,627 shares in the last quarter. Profund Advisors LLC raised its position in KLA-Tencor Corp. by 38.7% in the fourth quarter. Profund Advisors LLC now owns 19,562 shares of the company’s stock valued at $1,357,000 after buying an additional 5,460 shares in the last quarter. Bailard Inc. purchased a new position in KLA-Tencor Corp. during the fourth quarter valued at about $1,366,000. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in KLA-Tencor Corp. by 4.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 20,921 shares of the company’s stock valued at $1,451,000 after buying an additional 947 shares in the last quarter.
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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