KLA-Tencor (KLAC) Upgraded at BidaskClub

BidaskClub upgraded shares of KLA-Tencor (NASDAQ:KLAC) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

Several other research analysts also recently commented on KLAC. Zacks Investment Research downgraded shares of KLA-Tencor from a buy rating to a hold rating in a research note on Monday, January 21st. JPMorgan Chase & Co. assumed coverage on shares of KLA-Tencor in a research note on Thursday, March 7th. They issued an overweight rating and a $160.00 target price on the stock. Cowen reaffirmed an outperform rating and issued a $120.00 target price on shares of KLA-Tencor in a research note on Wednesday, January 30th. Deutsche Bank lifted their target price on shares of KLA-Tencor from $105.00 to $115.00 and gave the stock a hold rating in a research note on Monday, February 25th. Finally, ValuEngine raised shares of KLA-Tencor from a sell rating to a hold rating in a research note on Friday, January 25th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $131.45.

Shares of NASDAQ KLAC traded down $3.27 during mid-day trading on Friday, hitting $120.53. The stock had a trading volume of 1,571,028 shares, compared to its average volume of 1,720,311. The company has a quick ratio of 2.35, a current ratio of 3.03 and a debt-to-equity ratio of 1.24. KLA-Tencor has a 1 year low of $80.65 and a 1 year high of $124.68. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.31 and a beta of 1.61.



KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.20 by $0.24. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. Equities research analysts anticipate that KLA-Tencor will post 8.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Thursday, February 14th. KLA-Tencor’s payout ratio is currently 37.50%.

In other KLA-Tencor news, Director Emiko Higashi sold 2,141 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $117.43, for a total transaction of $251,417.63. Following the transaction, the director now directly owns 8,780 shares of the company’s stock, valued at approximately $1,031,035.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 1,669 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.63, for a total transaction of $194,655.47. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,775 shares of company stock worth $979,331. Insiders own 0.19% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Resources Investment Advisors Inc. purchased a new stake in KLA-Tencor in the fourth quarter worth about $29,000. JOYN Advisors Inc. increased its stake in shares of KLA-Tencor by 251.0% during the fourth quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. Whittier Trust Co. lifted its holdings in shares of KLA-Tencor by 73.7% during the fourth quarter. Whittier Trust Co. now owns 773 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 328 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of KLA-Tencor during the fourth quarter valued at approximately $72,000. Finally, Chiron Investment Management LLC purchased a new position in shares of KLA-Tencor during the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

KLA-Tencor Company Profile

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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