KLA-Tencor Corp (NASDAQ:KLAC) saw strong trading volume on Tuesday . 6,295,900 shares were traded during trading, an increase of 298% from the previous session’s volume of 1,582,261 shares.The stock last traded at $108.26 and had previously closed at $108.19.
Several analysts have commented on the company. BidaskClub upgraded KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine upgraded KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Cowen reiterated an “outperform” rating and set a $120.00 target price on shares of KLA-Tencor in a research note on Wednesday, January 30th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Friday, January 18th. Finally, B. Riley increased their target price on KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $127.83.
The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.59. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.07 billion. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. During the same period in the prior year, the firm earned $1.97 EPS. As a group, equities analysts anticipate that KLA-Tencor Corp will post 8.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.66%. KLA-Tencor’s payout ratio is 37.50%.
In other news, EVP Ahmad A. Khan sold 3,851 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $107.52, for a total transaction of $414,059.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian M. Trafas sold 1,114 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $107.00, for a total value of $119,198.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,490 shares of company stock worth $773,133 over the last three months. Insiders own 0.19% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Resources Investment Advisors Inc. bought a new position in KLA-Tencor in the 4th quarter worth $29,000. JOYN Advisors Inc. raised its holdings in KLA-Tencor by 251.0% in the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 246 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in KLA-Tencor by 9,077.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 3,668,943 shares during the period. Whittier Trust Co. raised its holdings in KLA-Tencor by 73.7% in the 4th quarter. Whittier Trust Co. now owns 773 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 328 shares during the period. Finally, Quantamental Technologies LLC bought a new position in KLA-Tencor in the 4th quarter worth $72,000. 91.45% of the stock is currently owned by institutional investors.
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About KLA-Tencor (NASDAQ:KLAC)
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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