KLA-Tencor Corp (NASDAQ:KLAC) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 2,840,339 shares, a decrease of 32.7% from the April 15th total of 4,218,060 shares. Based on an average daily trading volume, of 1,239,325 shares, the short-interest ratio is presently 2.3 days. Currently, 1.7% of the company’s shares are sold short.
A number of brokerages recently issued reports on KLAC. JPMorgan Chase & Co. began coverage on KLA-Tencor in a report on Thursday, March 7th. They issued an “overweight” rating and a $160.00 target price on the stock. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. UBS Group increased their target price on KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Cowen reiterated an “outperform” rating and issued a $120.00 target price on shares of KLA-Tencor in a report on Wednesday, January 30th. Finally, ValuEngine upgraded KLA-Tencor from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. KLA-Tencor has an average rating of “Hold” and a consensus target price of $133.36.
In related news, Director Emiko Higashi sold 2,141 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total value of $251,417.63. Following the transaction, the director now directly owns 8,780 shares in the company, valued at approximately $1,031,035.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Teri A. Little sold 1,500 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $110.38, for a total value of $165,570.00. Following the completion of the transaction, the executive vice president now owns 5,517 shares in the company, valued at $608,966.46. The disclosure for this sale can be found here. Insiders have sold a total of 8,943 shares of company stock worth $1,033,979 over the last 90 days. Company insiders own 0.19% of the company’s stock.
A number of large investors have recently modified their holdings of KLAC. Acadian Asset Management LLC bought a new position in KLA-Tencor during the 1st quarter valued at $25,000. Advisors Preferred LLC bought a new position in KLA-Tencor during the 1st quarter valued at $26,000. Kore Private Wealth LLC bought a new position in KLA-Tencor during the 1st quarter valued at $26,000. NuWave Investment Management LLC bought a new position in KLA-Tencor during the 1st quarter valued at $27,000. Finally, Resources Investment Advisors Inc. purchased a new stake in shares of KLA-Tencor during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 88.03% of the company’s stock.
Shares of NASDAQ:KLAC opened at $104.53 on Friday. The company has a current ratio of 2.61, a quick ratio of 1.84 and a debt-to-equity ratio of 1.10. KLA-Tencor has a 1-year low of $80.65 and a 1-year high of $129.03. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.15 and a beta of 1.61.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $2.02 EPS. The business’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts forecast that KLA-Tencor will post 8.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, May 14th. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.
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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