KLA-Tencor (KLAC) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of KLA-Tencor (NASDAQ:KLAC) in a research report report published on Tuesday, May 7th, AnalystRatings.com reports.

Several other brokerages have also recently commented on KLAC. JPMorgan Chase & Co. assumed coverage on shares of KLA-Tencor in a research report on Thursday, March 7th. They issued an overweight rating and a $160.00 price target on the stock. BidaskClub upgraded shares of KLA-Tencor from a hold rating to a buy rating in a research report on Saturday, February 23rd. UBS Group boosted their price target on shares of KLA-Tencor from $135.00 to $140.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Cowen reiterated an outperform rating and issued a $120.00 price target on shares of KLA-Tencor in a research report on Wednesday, January 30th. Finally, ValuEngine upgraded shares of KLA-Tencor from a sell rating to a hold rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $133.36.

KLAC stock traded up $1.11 during mid-day trading on Tuesday, reaching $104.50. The company had a trading volume of 1,681,994 shares, compared to its average volume of 1,609,770. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.84 and a current ratio of 2.61. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.10 and a beta of 1.61. KLA-Tencor has a one year low of $80.65 and a one year high of $129.03.

KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $2.02 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts predict that KLA-Tencor will post 8.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.87%. KLA-Tencor’s dividend payout ratio is currently 37.50%.

In related news, CFO Bren D. Higgins sold 1,669 shares of KLA-Tencor stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.63, for a total value of $194,655.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ahmad A. Khan sold 3,633 shares of KLA-Tencor stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total value of $422,336.25. Following the completion of the transaction, the executive vice president now directly owns 549 shares in the company, valued at approximately $63,821.25. The disclosure for this sale can be found here. Insiders sold a total of 8,943 shares of company stock worth $1,033,979 in the last three months. 0.19% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Allstate Corp lifted its holdings in shares of KLA-Tencor by 10.6% during the 1st quarter. Allstate Corp now owns 14,222 shares of the semiconductor company’s stock valued at $1,698,000 after buying an additional 1,358 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of KLA-Tencor by 40.8% during the 1st quarter. Advisory Services Network LLC now owns 4,698 shares of the semiconductor company’s stock valued at $561,000 after buying an additional 1,361 shares during the last quarter. Cleararc Capital Inc. lifted its holdings in shares of KLA-Tencor by 4.7% during the 1st quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock valued at $328,000 after buying an additional 124 shares during the last quarter. Horizon Investments LLC acquired a new stake in shares of KLA-Tencor during the 1st quarter valued at about $217,000. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of KLA-Tencor by 3.8% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 31,179 shares of the semiconductor company’s stock valued at $3,723,000 after buying an additional 1,141 shares during the last quarter. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

About KLA-Tencor

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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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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