Other equities analysts have also issued reports about the stock. KeyCorp increased their price target on shares of KLA-Tencor from $143.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research note on Tuesday, May 7th. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday. Wells Fargo & Co set a $45.00 price objective on Perrigo and gave the stock a “hold” rating in a research note on Wednesday, June 19th. Finally, Goldman Sachs Group downgraded TerraForm Power from a “neutral” rating to a “sell” rating and set a $12.00 price objective for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $131.61.
NASDAQ:KLAC traded down $1.45 during mid-day trading on Friday, hitting $131.96. The stock had a trading volume of 1,171,400 shares, compared to its average volume of 1,564,419. The firm’s 50-day simple moving average is $115.04. The company has a market capitalization of $21.58 billion, a P/E ratio of 16.50, a PEG ratio of 1.31 and a beta of 1.72. KLA-Tencor has a twelve month low of $80.65 and a twelve month high of $133.95. The company has a quick ratio of 1.84, a current ratio of 2.61 and a debt-to-equity ratio of 1.10.
KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. KLA-Tencor had a net margin of 29.83% and a return on equity of 72.34%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 earnings per share. As a group, equities analysts anticipate that KLA-Tencor will post 8.4 EPS for the current fiscal year.
In other news, insider Brian M. Trafas sold 274 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $121.36, for a total value of $33,252.64. Following the completion of the transaction, the insider now owns 274 shares of the company’s stock, valued at $33,252.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ahmad A. Khan sold 3,633 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total value of $422,336.25. Following the completion of the transaction, the executive vice president now directly owns 549 shares of the company’s stock, valued at approximately $63,821.25. The disclosure for this sale can be found here. In the last three months, insiders sold 5,407 shares of company stock valued at $621,159. Company insiders own 0.19% of the company’s stock.
Several large investors have recently added to or reduced their stakes in KLAC. Norges Bank acquired a new stake in KLA-Tencor during the 4th quarter valued at $157,620,000. Delphi Management Inc. MA bought a new stake in KLA-Tencor during the 4th quarter valued at about $1,006,000. Swiss National Bank lifted its holdings in KLA-Tencor by 7.5% during the 1st quarter. Swiss National Bank now owns 545,826 shares of the semiconductor company’s stock valued at $65,177,000 after buying an additional 37,900 shares in the last quarter. Capital Management Associates NY bought a new stake in KLA-Tencor during the 1st quarter valued at about $284,000. Finally, Texas Permanent School Fund lifted its holdings in KLA-Tencor by 4.4% during the 1st quarter. Texas Permanent School Fund now owns 32,138 shares of the semiconductor company’s stock valued at $3,838,000 after buying an additional 1,349 shares in the last quarter. 88.82% of the stock is owned by institutional investors.
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.
Recommended Story: When can a hold rating present a buying opportunity?
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.