KLA-Tencor Corp (NASDAQ:KLAC) Receives $155.86 Average Target Price from Brokerages

KLA-Tencor Corp (NASDAQ:KLAC) has earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $158.00.

Several brokerages have recently commented on KLAC. Citigroup increased their target price on shares of KLA-Tencor from $156.50 to $180.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. increased their target price on shares of KLA-Tencor from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Bank of America increased their target price on shares of KLA-Tencor from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. ValuEngine upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a report on Saturday, August 31st. Finally, KeyCorp increased their target price on shares of KLA-Tencor from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, September 12th.

In other KLA-Tencor news, CEO Amichai Steimberg sold 8,962 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $138.80, for a total transaction of $1,243,925.60. Following the completion of the transaction, the chief executive officer now owns 19,892 shares in the company, valued at $2,761,009.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bren D. Higgins sold 6,751 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $158.01, for a total transaction of $1,066,725.51. Following the transaction, the chief financial officer now owns 1,692 shares of the company’s stock, valued at approximately $267,352.92. The disclosure for this sale can be found here. Insiders have sold 49,558 shares of company stock valued at $6,926,823 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.



A number of large investors have recently modified their holdings of the business. Miles Capital Inc. boosted its position in KLA-Tencor by 4.2% during the second quarter. Miles Capital Inc. now owns 1,922 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 78 shares during the period. Keybank National Association OH boosted its position in KLA-Tencor by 4.0% during the second quarter. Keybank National Association OH now owns 2,871 shares of the semiconductor company’s stock worth $339,000 after purchasing an additional 111 shares during the period. Cleararc Capital Inc. boosted its position in shares of KLA-Tencor by 4.7% in the first quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 124 shares during the period. Meiji Yasuda Life Insurance Co boosted its position in shares of KLA-Tencor by 3.3% in the first quarter. Meiji Yasuda Life Insurance Co now owns 4,044 shares of the semiconductor company’s stock valued at $483,000 after acquiring an additional 129 shares during the period. Finally, Corient Capital Partners LLC boosted its position in shares of KLA-Tencor by 6.2% in the second quarter. Corient Capital Partners LLC now owns 2,239 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Shares of KLAC stock traded up $4.13 on Friday, hitting $160.63. The stock had a trading volume of 66,374 shares, compared to its average volume of 1,836,508. The business has a 50 day moving average of $144.72 and a 200 day moving average of $125.54. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.24 and a beta of 1.68. 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 has a 12-month low of $80.65 and a 12-month high of $160.55.

KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.07. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.22 earnings per share. As a group, research analysts expect that KLA-Tencor will post 9.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.87%. KLA-Tencor’s dividend payout ratio (DPR) is presently 35.46%.

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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