KLA-Tencor Corp. (KLAC) Trading Up 1.5%
KLA-Tencor Corp. (NASDAQ:KLAC) shares were up 1.5% during mid-day trading on Friday . The stock traded as high as $71.13 and last traded at $70.81, with a volume of 942,707 shares. The stock had previously closed at $69.73.
Several research analysts recently issued reports on KLAC shares. Zacks Investment Research raised shares of KLA-Tencor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Susquehanna reissued a “neutral” rating on shares of KLA-Tencor Corp. in a research report on Saturday, August 13th. JPMorgan Chase & Co. reissued a “buy” rating on shares of KLA-Tencor Corp. in a research report on Wednesday. Cowen and Company increased their price target on shares of KLA-Tencor Corp. from $70.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Finally, Citigroup Inc. increased their price target on shares of KLA-Tencor Corp. from $74.00 to $78.00 and gave the stock a “neutral” 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $73.38.
The company’s 50 day moving average is $74.11 and its 200-day moving average is $71.21. The company has a market cap of $11.07 billion and a price-to-earnings ratio of 15.80.
KLA-Tencor Corp. (NASDAQ:KLAC) last announced its earnings results on Thursday, July 28th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.42 by $0.35. The company had revenue of $919.17 million for the quarter, compared to the consensus estimate of $842.10 million. During the same period in the previous year, the firm posted $0.99 EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. Equities analysts anticipate that KLA-Tencor Corp. will post $4.80 EPS for the current fiscal year.
The firm also recently disclosed 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 2.93%. The ex-dividend date is Thursday, August 11th.
In other KLA-Tencor Corp. news, CFO Bren D. Higgins sold 363 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A hedge fund recently raised its stake in KLA-Tencor Corp. stock. Connor Clark & Lunn Investment Management Ltd. raised 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. The institutional investor 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 filing with the SEC.
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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