Shares of KLA-Tencor Corp (NASDAQ:KLAC) reached a new 52-week high during trading on Thursday . The company traded as high as $144.51 and last traded at $143.57, with a volume of 54398 shares. The stock had previously closed at $141.90.
KLAC has been the subject of a number of research reports. Credit Suisse Group boosted their price target on shares of KLA-Tencor from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of KLA-Tencor from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Goldman Sachs Group cut shares of KLA-Tencor from a “neutral” rating to a “sell” rating in a research note on Monday, July 22nd. BidaskClub raised shares of KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Deutsche Bank boosted their price target on shares of KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $142.21.
The company has a market cap of $22.60 billion, a PE ratio of 16.97, a PEG ratio of 1.12 and a beta of 1.73. The stock’s 50 day moving average price is $132.03 and its 200-day moving average price is $119.34. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.73 and a current ratio of 2.44.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $2.22 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that KLA-Tencor Corp will post 9.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.09%. KLA-Tencor’s dividend payout ratio (DPR) is 35.46%.
In related news, SVP Virendra A. Kirloskar sold 1,988 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $130.46, for a total transaction of $259,354.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Trafas sold 274 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $121.36, for a total transaction of $33,252.64. Following the sale, the insider now owns 274 shares of the company’s stock, valued at $33,252.64. The disclosure for this sale can be found here. Insiders sold a total of 38,802 shares of company stock valued at $5,256,969 in the last ninety days. 0.19% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in KLA-Tencor by 13.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 776,709 shares of the semiconductor company’s stock valued at $69,507,000 after buying an additional 89,807 shares in the last quarter. Geode Capital Management LLC raised its holdings in KLA-Tencor by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 2,374,467 shares of the semiconductor company’s stock valued at $212,281,000 after buying an additional 125,142 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in KLA-Tencor during the first quarter valued at about $249,000. Brinker Capital Inc. raised its holdings in KLA-Tencor by 6.3% during the first quarter. Brinker Capital Inc. now owns 5,868 shares of the semiconductor company’s stock valued at $701,000 after buying an additional 346 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in KLA-Tencor during the first quarter valued at about $184,000. Institutional investors and hedge funds own 87.35% of the company’s stock.
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.
Recommended Story: Why do companies pay special dividends?
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.