KLA-Tencor (NASDAQ:KLAC) had its price objective boosted by Credit Suisse Group from $130.00 to $170.00 in a report published on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the semiconductor company’s stock.
Several other brokerages have also weighed in on KLAC. KeyCorp increased their price objective on KLA-Tencor from $149.00 to $152.00 and gave the stock an overweight rating in a research report on Tuesday. Bank of America reiterated a buy rating and issued a $150.00 price objective (up from $140.00) on shares of KLA-Tencor in a research report on Tuesday. BidaskClub upgraded KLA-Tencor from a hold rating to a buy rating in a research report on Friday, July 19th. Goldman Sachs Group lowered KLA-Tencor from a neutral rating to a sell rating in a research report on Monday, July 22nd. Finally, Zacks Investment Research lowered KLA-Tencor from a buy rating to a hold rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $142.21.
Shares of KLAC stock traded down $2.35 during trading hours on Tuesday, reaching $134.98. The company had a trading volume of 274,690 shares, compared to its average volume of 1,670,555. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.44 and a quick ratio of 1.84. The stock has a fifty day simple moving average of $126.31. The firm has a market cap of $21.92 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.40 and a beta of 1.73. KLA-Tencor has a 12-month low of $80.65 and a 12-month high of $143.95.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Wednesday, August 14th. KLA-Tencor’s dividend payout ratio (DPR) is 35.46%.
In other KLA-Tencor news, EVP Brian M. Trafas sold 3,859 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $134.16, for a total transaction of $517,723.44. The transaction 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 company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $134.16, for a total value of $223,913.04. Following the transaction, the chief financial officer now owns 8,443 shares in the company, valued at $1,132,712.88. The disclosure for this sale can be found here. Insiders have sold 21,533 shares of company stock worth $2,802,997 over the last 90 days. 0.19% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in KLA-Tencor by 4.8% during the first quarter. BlackRock Inc. now owns 11,778,110 shares of the semiconductor company’s stock worth $1,406,425,000 after purchasing an additional 541,351 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in KLA-Tencor by 19.2% during the first quarter. Pictet Asset Management Ltd. now owns 3,545,429 shares of the semiconductor company’s stock worth $423,360,000 after purchasing an additional 571,970 shares in the last quarter. Janus Henderson Group PLC lifted its stake in KLA-Tencor by 14.1% during the second quarter. Janus Henderson Group PLC now owns 3,391,942 shares of the semiconductor company’s stock worth $400,927,000 after purchasing an additional 418,962 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of KLA-Tencor by 5.6% in 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 acquiring an additional 125,142 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of KLA-Tencor by 3.8% in the first quarter. Northern Trust Corp now owns 2,306,892 shares of the semiconductor company’s stock valued at $275,466,000 after acquiring an additional 84,247 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.
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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