Todays Report: Today, KLA-Tencor Corp. (KLAC) Given Average Rating of “Buy” by Brokerages

Today, KLA-Tencor Corp. (KLAC) Given Average Rating of “Buy” by Brokerages

Shares of KLA-Tencor Corp. (NASDAQ:KLAC) have been assigned an average rating of “Buy” from the fourteen research firms that are covering the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $81.53.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded KLA-Tencor Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Berenberg Bank upgraded KLA-Tencor Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, October 6th. Cowen and Company restated an “outperform” rating and set a $80.00 price target on shares of KLA-Tencor Corp. in a research note on Wednesday, October 5th. Credit Suisse Group AG restated a “focus list” rating and set a $85.00 price target on shares of KLA-Tencor Corp. in a research note on Monday, October 3rd. Finally, Susquehanna restated a “neutral” rating on shares of KLA-Tencor Corp. in a research note on Saturday, August 13th.

KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.53% during midday trading on Friday, reaching $82.26. 397,746 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 16.57 and a beta of 1.60. KLA-Tencor Corp. has a 52 week low of $62.33 and a 52 week high of $83.23. The firm’s 50 day moving average is $74.95 and its 200 day moving average is $72.64.

KLA-Tencor Corp. (NASDAQ:KLAC) last announced its earnings results on Thursday, October 20th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.13. The business earned $751 million during the quarter, compared to the consensus estimate of $735.01 million. KLA-Tencor Corp. had a net margin of 25.15% and a return on equity of 138.28%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that KLA-Tencor Corp. will post $5.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.64%. This is an increase from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, November 10th. KLA-Tencor Corp.’s dividend payout ratio is presently 43.55%.

In other news, insider Michael Kirk sold 19,750 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $74.54, for a total transaction of $1,472,165.00. Following the completion of the transaction, the insider now directly owns 1,279 shares of the company’s stock, valued at approximately $95,336.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Bren D. Higgins sold 4,812 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $74.94, for a total value of $360,611.28. Following the transaction, the chief financial officer now directly owns 4,610 shares of the company’s stock, valued at $345,473.40. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in KLAC. JPMorgan Chase & Co. increased its position in shares of KLA-Tencor Corp. by 23.7% in the second quarter. JPMorgan Chase & Co. now owns 13,524,187 shares of the company’s stock valued at $990,649,000 after buying an additional 2,592,262 shares during the last quarter. Parnassus Investments CA acquired a new position in shares of KLA-Tencor Corp. during the third quarter valued at $117,072,000. HBK Investments L P acquired a new position in shares of KLA-Tencor Corp. during the third quarter valued at $82,430,000. Primecap Management Co. CA increased its position in shares of KLA-Tencor Corp. by 6.1% in the second quarter. Primecap Management Co. CA now owns 13,212,268 shares of the company’s stock valued at $967,799,000 after buying an additional 762,672 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of KLA-Tencor Corp. by 65.6% in the third quarter. Ameriprise Financial Inc. now owns 1,250,882 shares of the company’s stock valued at $87,197,000 after buying an additional 495,548 shares during the last quarter. 84.25% of the stock is owned by institutional investors and hedge funds.

Related posts

Leave a Comment