KLA-Tencor (NASDAQ:KLAC) Reaches New 1-Year High at $144.51

KLA-Tencor Corp (NASDAQ:KLAC) hit a new 52-week high on Thursday . The stock 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.

Several equities research analysts recently weighed in on KLAC shares. Citigroup increased their price target on KLA-Tencor from $126.00 to $156.50 and gave the stock a “buy” rating in a report on Friday. Goldman Sachs Group downgraded KLA-Tencor from a “neutral” rating to a “sell” rating in a report on Monday, July 22nd. ValuEngine downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on KLA-Tencor from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $144.75.

The firm has a market cap of $22.60 billion, a PE ratio of 16.45, a PEG ratio of 1.13 and a beta of 1.73. The business has a 50-day moving average price of $132.45 and a two-hundred day moving average price of $119.50. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.44 and a quick ratio of 1.73.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business posted $2.22 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts expect that KLA-Tencor Corp will post 9.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, August 14th. KLA-Tencor’s dividend payout ratio is currently 35.46%.

In other news, insider Brian M. Trafas sold 274 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $121.36, for a total value of $33,252.64. Following the completion of the transaction, the insider now owns 274 shares in the company, valued at $33,252.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Amichai Steimberg sold 8,962 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $138.80, for a total value of $1,243,925.60. Following the completion of the transaction, the chief executive officer now owns 19,892 shares of the company’s stock, valued at approximately $2,761,009.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,802 shares of company stock valued at $5,256,969. Company insiders own 0.19% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in KLA-Tencor during the 1st quarter worth about $26,000. Hexavest Inc. purchased a new stake in KLA-Tencor during the 2nd quarter worth about $28,000. Parallel Advisors LLC increased its position in KLA-Tencor by 152.3% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 201 shares in the last quarter. Global Retirement Partners LLC increased its position in KLA-Tencor by 136.8% during the 1st quarter. Global Retirement Partners LLC now owns 341 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 197 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in KLA-Tencor by 560.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.

KLA-Tencor Company Profile (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.

See Also: Compound Annual Growth Rate (CAGR)

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