KLA-Tencor (NASDAQ:KLAC) Hits New 52-Week High at $176.21

KLA-Tencor Corp (NASDAQ:KLAC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $176.21 and last traded at $175.28, with a volume of 17169 shares. The stock had previously closed at $174.43.

Several brokerages recently commented on KLAC. Wells Fargo & Co lifted their target price on shares of KLA-Tencor from $150.00 to $175.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of KLA-Tencor from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Citigroup lifted their target price on shares of KLA-Tencor from $156.50 to $180.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research note on Tuesday, October 29th. Finally, Deutsche Bank lifted their target price on shares of KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $176.08.

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 2.24. The stock’s 50-day simple moving average is $164.66 and its 200-day simple moving average is $136.28. The firm has a market capitalization of $27.49 billion, a PE ratio of 20.85, a P/E/G ratio of 1.49 and a beta of 1.72.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.28. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.35 billion. KLA-Tencor had a net margin of 23.03% and a return on equity of 54.53%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.46 EPS. As a group, analysts predict that KLA-Tencor Corp will post 9.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be given a dividend of $0.85 per share. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.75. This represents a $3.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, November 15th. KLA-Tencor’s payout ratio is presently 35.46%.

In other news, CAO Virendra A. Kirloskar sold 632 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $175.13, for a total value of $110,682.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian M. Trafas sold 674 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $175.13, for a total transaction of $118,037.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,511 shares of company stock worth $5,428,815. Insiders own 0.19% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in shares of KLA-Tencor in the 3rd quarter worth about $31,000. Hexavest Inc. purchased a new stake in shares of KLA-Tencor in the 2nd quarter worth about $28,000. Hanson & Doremus Investment Management grew its position in shares of KLA-Tencor by 119.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 290 shares of the semiconductor company’s stock worth $46,000 after buying an additional 158 shares during the period. CWM LLC grew its position in shares of KLA-Tencor by 30.8% in the 3rd quarter. CWM LLC now owns 327 shares of the semiconductor company’s stock worth $52,000 after buying an additional 77 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in shares of KLA-Tencor by 560.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after buying an additional 297 shares during the period. 87.12% of the stock is currently owned by hedge funds and other institutional investors.

About KLA-Tencor (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.

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