KLA-Tencor Reaches New 52-Week High at $77.30 (KLAC)
Shares of KLA-Tencor (NASDAQ:KLAC) hit a new 52-week high during trading on Tuesday , American Banking News.com reports. The stock traded as high as $77.30 and last traded at $76.89, with a volume of 669,198 shares trading hands. The stock had previously closed at $76.42.
Several analysts have recently commented on the stock. 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $75.85.
The stock has a 50-day moving average of $73.65 and a 200-day moving average of $68.67. The company has a market cap of $12.730 billion and a price-to-earnings ratio of 22.02.
KLA-Tencor (NASDAQ:KLAC) last announced its earnings results 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. Shareholders 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 2.62%. The ex-dividend date of this dividend is Thursday, August 14th. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.45.
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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