KLA-Tencor Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:KLAC)
KLA-Tencor (NASDAQ:KLAC) has been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the company, Stock Ratings News reports. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $75.85.
In other KLA-Tencor news, EVP Bobby R. Bell sold 5,740 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $71.72, for a total value of $411,672.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
KLA-Tencor (NASDAQ:KLAC) opened at 74.70 on Thursday. KLA-Tencor has a 1-year low of $54.65 and a 1-year high of $75.40. The stock’s 50-day moving average is $73.32 and its 200-day moving average is $67.99. The company has a market cap of $12.353 billion and a P/E ratio of 21.53.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.06. The company had revenue of $734.00 million for the quarter, compared to the consensus estimate of $733.71 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that KLA-Tencor will post $3.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, August 14th. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.45.
A number of analysts have recently weighed in on KLAC shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of KLA-Tencor in a research note on Friday, July 25th. They now have a $75.00 price target on the stock, up previously from $72.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of KLA-Tencor in a research note on Friday, July 25th. They now have a $85.00 price target on the stock, up previously from $82.00. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of KLA-Tencor in a research note on Friday, July 25th. They now have a $67.00 price target on the stock, up previously from $65.00.
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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