Today, Vetr Inc. Downgraded KLA-Tencor Corp. (KLAC) to Hold

Today, Vetr Inc. Downgraded KLA-Tencor Corp. (KLAC) to Hold

KLA-Tencor Corp. (NASDAQ:KLAC) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $82.32 price objective on the stock. Vetr‘s price target suggests a potential upside of 0.06% from the company’s previous close.

KLAC has been the topic of several other research reports. Credit Suisse Group AG reissued a “hold” rating and issued a $82.00 price target on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. Cowen and Company boosted their price target on shares of KLA-Tencor Corp. from $70.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, July 29th. Pacific Crest reissued a “hold” rating on shares of KLA-Tencor Corp. in a research report on Friday, July 29th. 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 research report on Friday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of KLA-Tencor Corp. from $79.50 to $84.50 and gave the company an “overweight” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.80.

KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.54% during mid-day trading on Monday, hitting $82.27. 400,170 shares of the company traded hands. The firm has a 50 day moving average of $74.95 and a 200 day moving average of $72.64. The firm has a market capitalization of $12.86 billion, a P/E ratio of 16.57 and a beta of 1.60. KLA-Tencor Corp. has a one year low of $62.33 and a one year high of $83.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.54 dividend. This is a boost from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.63%. KLA-Tencor Corp.’s dividend payout ratio is 43.55%.

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

Large investors have recently made changes to their positions in the stock. First New York Securities LLC NY boosted its stake in shares of KLA-Tencor Corp. by 51.2% in the second quarter. First New York Securities LLC NY now owns 1,400 shares of the company’s stock worth $103,000 after buying an additional 474 shares during the period. Global X Management Co. LLC boosted its stake in shares of KLA-Tencor Corp. by 89.7% in the third quarter. Global X Management Co. LLC now owns 1,527 shares of the company’s stock worth $106,000 after buying an additional 722 shares during the period. Mizuho Asset Management Co. Ltd. boosted its stake in shares of KLA-Tencor Corp. by 104.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,981 shares of the company’s stock worth $145,000 after buying an additional 1,010 shares during the period. CENTRAL TRUST Co boosted its stake in shares of KLA-Tencor Corp. by 40.0% in the third quarter. CENTRAL TRUST Co now owns 2,100 shares of the company’s stock worth $146,000 after buying an additional 600 shares during the period. Finally, MSI Financial Services Inc boosted its stake in shares of KLA-Tencor Corp. by 31.6% in the third quarter. MSI Financial Services Inc now owns 2,151 shares of the company’s stock worth $150,000 after buying an additional 517 shares during the period. 84.25% of the stock is owned by institutional investors.

About KLA-Tencor Corp.

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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