KLA-Tencor Corp. (KLAC) Shares Down 2.9%
KLA-Tencor Corp. (NASDAQ:KLAC)’s share price was down 2.9% during mid-day trading on Tuesday . The stock traded as low as $68.14 and last traded at $68.47, with a volume of 1,396,461 shares trading hands. The stock had previously closed at $70.52.
Several equities analysts recently issued reports on KLAC shares. B. Riley reissued a “neutral” rating and set a $72.00 price objective on shares of KLA-Tencor Corp. in a report on Wednesday, April 27th. Cowen and Company lifted their price objective on shares of KLA-Tencor Corp. from $67.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, April 27th. Zacks Investment Research raised shares of KLA-Tencor Corp. from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a report on Friday, April 29th. Citigroup Inc. lifted their price objective on shares of KLA-Tencor Corp. from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Finally, Deutsche Bank AG lifted their price objective on shares of KLA-Tencor Corp. from $72.00 to $78.00 and gave the company a “hold” rating in a report on Friday, July 29th. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the company. KLA-Tencor Corp. presently has an average rating of “Hold” and an average target price of $73.38.
The stock’s 50-day moving average price is $73.75 and its 200-day moving average price is $71.30. The firm has a market capitalization of $10.48 billion and a P/E ratio of 14.96.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.35. During the same period in the previous year, the company posted $0.99 earnings per share. The business earned $919.17 million during the quarter, compared to analyst estimates of $842.10 million. KLA-Tencor Corp.’s revenue was up 21.5% compared to the same quarter last year. Analysts anticipate that KLA-Tencor Corp. will post $4.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, August 11th.
In other KLA-Tencor Corp. news, CFO Bren D. Higgins sold 363 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $72.23, for a total value of $26,219.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
An institutional investor recently raised its position in KLA-Tencor Corp. stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of KLA-Tencor Corp. (NASDAQ:KLAC) by 142.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,475 shares of the company’s stock after buying an additional 14,375 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in KLA-Tencor Corp. were worth $1,697,000 as of its most recent SEC filing.
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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