KLA-Tencor Corp. (KLAC) Shares Gap Up to $67.52
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) gapped up prior to trading on Monday . The stock had previously closed at $66.86, but opened at $67.52. KLA-Tencor Corp. shares last traded at $68.85, with a volume of 1,085,067 shares changing hands.
A number of analysts recently issued reports on the company. Cowen and Company raised KLA-Tencor Corp. from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $79.00 to $80.00 in a research report on Monday. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “buy” rating on shares of KLA-Tencor Corp. in a research report on Wednesday, August 17th. Susquehanna reissued a “neutral” rating on shares of KLA-Tencor Corp. in a research report on Saturday, August 13th. Zacks Investment Research raised KLA-Tencor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, B. Riley reissued a “neutral” rating and set a $78.00 price target on shares of KLA-Tencor Corp. in a research report on Tuesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $73.46.
The stock’s 50 day moving average is $73.34 and its 200 day moving average is $71.44. The company has a market capitalization of $10.72 billion and a price-to-earnings ratio of 15.31.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.35. During the same quarter in the prior year, the company posted $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 business’s revenue was up 21.5% on a year-over-year basis. On average, equities analysts predict 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. Shareholders of record on Monday, August 15th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.03%. 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 on Tuesday, July 5th. The shares were sold at an average price of $72.23, for a total transaction of $26,219.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in KLA-Tencor Corp. stock. Principal Financial Group Inc. increased its position in KLA-Tencor Corp. (NASDAQ:KLAC) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 227,019 shares of the company’s stock after buying an additional 3,106 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of KLA-Tencor Corp. worth $15,743,000 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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