KLA-Tencor Corp. (KLAC) Shares Gap Down to $69.26
KLA-Tencor Corp. (NASDAQ:KLAC)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $69.24, but opened at $69.26. KLA-Tencor Corp. shares last traded at $70.32, with a volume of 1,178,435 shares.
Several research firms have weighed in on KLAC. B. Riley reiterated a “neutral” rating and set a $78.00 price objective on shares of KLA-Tencor Corp. in a research report on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “hold” rating and set a $82.00 price objective on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. Zacks Investment Research cut shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Pacific Crest reiterated a “hold” rating on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. Finally, Deutsche Bank AG boosted their price target 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. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. KLA-Tencor Corp. presently has a consensus rating of “Hold” and a consensus price target of $73.46.
The firm has a 50-day moving average price of $72.93 and a 200-day moving average price of $71.46. The stock has a market capitalization of $11.04 billion and a PE ratio of 15.76.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its earnings results on Thursday, July 28th. The company reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.35. The firm earned $919.17 million during the quarter, compared to analyst estimates of $842.10 million. During the same quarter last year, the business posted $0.99 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities research analysts expect that KLA-Tencor Corp. will post $4.87 earnings per share for the current year.
The company also recently announced 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. The ex-dividend date is Thursday, August 11th. This represents a $2.08 annualized dividend and a yield of 2.94%.
In other KLA-Tencor Corp. news, CFO Bren D. Higgins sold 363 shares of the stock in a transaction on 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 document filed with the SEC, which is available through the SEC website.
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.