BidaskClub downgraded shares of KLA-Tencor Corporation (NASDAQ:KLAC) from a hold rating to a sell rating in a research note issued to investors on Friday.

Other equities analysts have also issued reports about the company. UBS AG restated a neutral rating and set a $110.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, June 13th. B. Riley restated a buy rating and set a $115.00 price target on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Cowen and Company restated a buy rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc restated a negative rating on shares of KLA-Tencor Corporation in a research report on Monday, April 17th. Finally, Needham & Company LLC raised their price target on KLA-Tencor Corporation from $105.00 to $120.00 and gave the stock a strong-buy rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $98.86.

Shares of KLA-Tencor Corporation (NASDAQ KLAC) traded up 3.58% during mid-day trading on Friday, reaching $92.01. The company had a trading volume of 2,010,039 shares. The stock has a 50 day moving average price of $97.02 and a 200 day moving average price of $95.42. The firm has a market capitalization of $14.41 billion, a PE ratio of 15.65 and a beta of 1.62. KLA-Tencor Corporation has a 12-month low of $66.88 and a 12-month high of $109.59.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business had revenue of $938.60 million for the quarter, compared to analyst estimates of $923.80 million. During the same period last year, the company earned $1.77 EPS. KLA-Tencor Corporation’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/07/kla-tencor-corporation-nasdaqklac-downgraded-by-bidaskclub-to-sell.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a $0.59 dividend. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, August 11th. KLA-Tencor Corporation’s dividend payout ratio (DPR) is currently 36.73%.

In related news, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total transaction of $28,806.36. Following the sale, the senior vice president now directly owns 611 shares in the company, valued at $56,053.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian Lorig sold 526 shares of KLA-Tencor Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total value of $48,839.10. Following the sale, the senior vice president now owns 1,092 shares in the company, valued at $101,392.20. The disclosure for this sale can be found here. Insiders have sold 11,272 shares of company stock worth $1,097,537 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in KLAC. Vanguard Group Inc. raised its stake in KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock valued at $1,566,668,000 after buying an additional 482,997 shares in the last quarter. Primecap Management Co. CA raised its stake in KLA-Tencor Corporation by 1.0% in the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock valued at $1,345,167,000 after buying an additional 140,530 shares in the last quarter. BlackRock Inc. raised its stake in KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after buying an additional 10,573,812 shares in the last quarter. State Street Corp raised its stake in KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after buying an additional 436,022 shares in the last quarter. Finally, American International Group Inc. raised its stake in KLA-Tencor Corporation by 1.3% in the first quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock valued at $508,720,000 after buying an additional 66,248 shares in the last quarter. Institutional investors own 91.96% of the company’s stock.

About KLA-Tencor Corporation

KLA-Tencor Corporation (KLA-Tencor) 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 a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

Analyst Recommendations for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.