KLA-Tencor Given Average Rating of “Buy” by Brokerages (NASDAQ:KLAC)
KLA-Tencor (NASDAQ:KLAC) has been given an average rating of “Buy” by the fifteen analysts that are currently covering the company, Stock Ratings Network reports. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $75.85.
KLA-Tencor (NASDAQ:KLAC) opened at 74.98 on Thursday. KLA-Tencor has a 52 week low of $54.65 and a 52 week high of $75.49. The stock’s 50-day moving average is $73.38 and its 200-day moving average is $68.15. The company has a market cap of $12.399 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 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.82 earnings per share. KLA-Tencor’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that KLA-Tencor will post $3.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from KLA-Tencor’s previous quarterly dividend of $0.45.
A number of research firms have recently commented on KLAC. 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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