Todays Report: Today, KLA-Tencor Corp. (KLAC) Short Interest Up 37.2% in November

Today, KLA-Tencor Corp. (KLAC) Short Interest Up 37.2% in November

KLA-Tencor Corp. (NASDAQ:KLAC) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,115,178 shares, an increase of 37.2% from the October 31st total of 2,270,886 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,787,052 shares, the short-interest ratio is currently 1.7 days.

Shares of KLA-Tencor Corp. (NASDAQ:KLAC) opened at 82.51 on Tuesday. KLA-Tencor Corp. has a one year low of $62.33 and a one year high of $83.23. The stock has a 50 day moving average of $75.63 and a 200-day moving average of $72.88. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 16.62 and a beta of 1.60.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.54 per share. This is a positive change from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, November 10th. This represents a $2.16 annualized dividend and a yield of 2.62%. KLA-Tencor Corp.’s dividend payout ratio is 43.55%.

KLAC has been the subject of several analyst reports. Zacks Investment Research raised shares of KLA-Tencor Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Berenberg Bank raised shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, October 6th. Cowen and Company reaffirmed an “outperform” rating and set a $80.00 price objective on shares of KLA-Tencor Corp. in a research report on Wednesday, October 5th. Credit Suisse Group AG reaffirmed a “focus list” rating and set a $85.00 price objective on shares of KLA-Tencor Corp. in a research report on Monday, October 3rd. Finally, Susquehanna reaffirmed a “neutral” rating on shares of KLA-Tencor Corp. in a research report on Saturday, August 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $81.80.

In other news, insider Michael Kirk sold 19,750 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bren D. Higgins sold 4,812 shares of the stock in a transaction that occurred 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.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in 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 in the last quarter. Parnassus Investments CA acquired a new stake in KLA-Tencor Corp. during the third quarter valued at about $117,072,000. HBK Investments L P acquired a new stake in KLA-Tencor Corp. during the third quarter valued at about $82,430,000. Primecap Management Co. CA increased its stake in 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in 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 in the last quarter. 87.12% of the stock is owned by hedge funds and other institutional investors.

KLA-Tencor Corp. Company Profile

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