KLA-Tencor Sets New 12-Month High at $75.49 (KLAC)
KLA-Tencor (NASDAQ:KLAC)’s share price hit a new 52-week high during trading on Friday , AmericanBankingNews.com reports. The stock traded as high as $75.49 and last traded at $75.11, with a volume of 216,100 shares changing hands. The stock had previously closed at $75.14.
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. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.85.
The stock has a 50-day moving average of $73.37 and a 200-day moving average of $68.04. The company has a market cap of $12.416 billion and a P/E ratio of 21.65.
KLA-Tencor (NASDAQ:KLAC) last released its earnings data 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 2.66%. The ex-dividend date is Thursday, August 14th. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.45.
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 document filed with the Securities & Exchange Commission, which is available at this link.
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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