KLA-Tencor Corp. (NASDAQ:KLAC)’s share price traded up 1.5% during trading on Friday . The company traded as high as $71.13 and last traded at $70.81, with a volume of 942,707 shares changing hands. The stock had previously closed at $69.73.

A number of equities research analysts have recently issued reports on the company. Credit Suisse Group AG restated a “hold” rating and issued a $82.00 price target on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. Cowen and Company upped their price target on KLA-Tencor Corp. from $70.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, July 29th. Pacific Crest restated a “hold” rating on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. Deutsche Bank AG upped their price target on KLA-Tencor Corp. from $72.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on KLA-Tencor Corp. from $79.50 to $84.50 and gave the company an “overweight” rating in a research report on Friday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. KLA-Tencor Corp. has a consensus rating of “Hold” and an average price target of $73.38.

The company has a market cap of $11.07 billion and a price-to-earnings ratio of 15.80. The stock’s 50 day moving average is $74.18 and its 200 day moving average is $71.19.

KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.35. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company had revenue of $919.17 million for the quarter, compared to analyst estimates of $842.10 million. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities analysts anticipate that KLA-Tencor Corp. will post $4.80 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.08 annualized dividend and a dividend yield of 2.93%.

In related news, CFO Bren D. Higgins sold 363 shares of KLA-Tencor Corp. stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total transaction of $26,219.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and institutional investors recently modified their holdings of KLAC. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of KLA-Tencor Corp. by 142.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,475 shares of the company’s stock valued at $1,697,000 after buying an additional 14,375 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of 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. Finally, Principal Financial Group Inc. increased its position in shares of KLA-Tencor Corp. by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 227,019 shares of the company’s stock valued at $15,743,000 after buying an additional 3,106 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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