Stock Traders Buy High Volume of Call Options on KLA-Tencor (KLAC)
KLA-Tencor (NASDAQ:KLAC) saw unusually large options trading on Monday. Traders bought 7,983 call options on the company, Stock Ratings Network.com reports. This is an increase of approximately 735% compared to the average daily volume of 956 call options.
A number of research firms have recently commented on KLAC. Analysts at B. Riley upgraded shares of KLA-Tencor from a “neutral” rating to a “buy” rating in a research note on Monday, June 30th. They now have a $82.00 price target on the stock, up previously from $70.00. They noted that the move was a valuation call. Separately, analysts at Needham & Company LLC raised their price target on shares of KLA-Tencor from $70.00 to $80.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of KLA-Tencor in a research note on Wednesday, June 25th. They now have a $82.00 price target on the stock, up previously from $75.00. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.42.
Shares of KLA-Tencor (NASDAQ:KLAC) traded down 0.80% during mid-day trading on Monday, hitting $74.025. The stock had a trading volume of 2,510,687 shares. KLA-Tencor has a one year low of $54.65 and a one year high of $74.70. The stock has a 50-day moving average of $67.63 and a 200-day moving average of $65.5. The company has a market cap of $12.275 billion and a P/E ratio of 21.32.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.12 by $0.11. The company had revenue of $832.00 million for the quarter, compared to the consensus estimate of $822.64 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts expect that KLA-Tencor will post $3.63 EPS for the current fiscal year.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
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