KLA-Tencor Corp. (KLAC) Shares Gap Down to $69.26
KLA-Tencor Corp. (NASDAQ:KLAC)’s share price gapped down prior to trading 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.
A number of brokerages have commented on KLAC. B. Riley reiterated a “neutral” rating and issued a $78.00 price objective on shares of KLA-Tencor Corp. in a report on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “hold” rating and issued a $82.00 price objective on shares of KLA-Tencor Corp. in a report on Friday, July 29th. Zacks Investment Research lowered shares of KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Pacific Crest restated a “hold” rating on shares of KLA-Tencor Corp. in a research note on Friday, July 29th. Finally, Deutsche Bank AG upped their target price on shares of KLA-Tencor Corp. from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. KLA-Tencor Corp. presently has an average rating of “Hold” and a consensus target price of $73.46.
The company has a 50-day moving average of $72.73 and a 200-day moving average of $71.44. The stock has a market capitalization of $10.95 billion and a PE ratio of 15.63.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its earnings results on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.35. The firm earned $919.17 million during the quarter, compared to analyst estimates of $842.10 million. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities analysts forecast that KLA-Tencor Corp. will post $4.87 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a $0.52 dividend. The ex-dividend date was Thursday, August 11th. This represents a $2.08 dividend on an annualized basis and a yield of 2.96%.
In related news, CFO Bren D. Higgins sold 363 shares of the firm’s 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 this hyperlink.
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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