KLA-Tencor Corp. (KLAC) Sees Large Volume Increase
KLA-Tencor Corp. (NASDAQ:KLAC) saw unusually-high trading volume on Thursday . Approximately 1,366,187 shares traded hands during trading, an increase of 26% from the previous session’s volume of 1,085,740 shares.The stock last traded at $68.82 and had previously closed at $69.47.
KLAC has been the topic of several research reports. Pacific Crest restated a “hold” rating on shares of KLA-Tencor Corp. in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $82.00 price objective on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. Deutsche Bank AG raised their price objective 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. Zacks Investment Research downgraded KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Cowen and Company raised their price objective on KLA-Tencor Corp. from $67.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, April 27th. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. KLA-Tencor Corp. currently has an average rating of “Hold” and a consensus target price of $73.38.
The stock has a 50-day moving average of $74.46 and a 200 day moving average of $71.07. The stock has a market capitalization of $10.65 billion and a PE ratio of 15.21.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.35. During the same quarter in the prior year, the firm posted $0.99 EPS. The firm earned $919.17 million during the quarter, compared to analysts’ expectations of $842.10 million. KLA-Tencor Corp.’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities analysts anticipate that KLA-Tencor Corp. will post $4.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a $0.52 dividend. The ex-dividend date is Thursday, August 11th. This represents a $2.08 annualized dividend and a dividend yield of 3.05%.
In related news, CFO Bren D. Higgins sold 363 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total value of $26,219.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Other large investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in 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. Aberdeen Asset Management PLC UK increased its stake in shares of KLA-Tencor Corp. by 16.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 28,949 shares of the company’s stock valued at $1,879,000 after buying an additional 4,118 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake 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 during the period. Finally, Advantus Capital Management Inc increased its stake 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 during the period.
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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