Shares of KLA-Tencor Corporation (NASDAQ:KLAC) have been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $99.10.

KLAC has been the topic of a number of analyst reports. Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $103.00 to $106.00 in a report on Sunday. They noted that the move was a valuation call. Cowen and Company reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday. Credit Suisse Group reiterated an “outperform” rating and set a $100.00 target price on shares of KLA-Tencor Corporation in a report on Friday, April 28th. Finally, Zacks Investment Research cut KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 2nd.

KLA-Tencor Corporation (NASDAQ KLAC) opened at 92.01 on Tuesday. KLA-Tencor Corporation has a 1-year low of $66.88 and a 1-year high of $109.59. The firm’s 50-day moving average price is $97.02 and its 200-day moving average price is $95.42. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 15.65 and a beta of 1.62.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. KLA-Tencor Corporation’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. On average, equities research analysts anticipate that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.59 per share. This is a boost from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. The ex-dividend date is Friday, August 11th. This represents a $2.36 annualized dividend and a dividend yield of 2.56%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 36.73%.

TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/08/kla-tencor-corporation-klac-receives-consensus-recommendation-of-hold-from-analysts.html.

In related news, CFO Bren D. Higgins sold 314 shares of KLA-Tencor Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total value of $29,154.90. Following the transaction, the chief financial officer now owns 314 shares in the company, valued at $29,154.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bobby R. Bell sold 5,695 shares of KLA-Tencor Corporation stock in a transaction on Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the completion of the transaction, the insider now owns 1 shares in the company, valued at approximately $100.54. The disclosure for this sale can be found here. Insiders have sold 11,272 shares of company stock worth $1,097,537 in the last 90 days. Insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of KLAC. Ledyard National Bank purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth $135,000. DnB Asset Management AS boosted its position in shares of KLA-Tencor Corporation by 17.4% in the first quarter. DnB Asset Management AS now owns 18,200 shares of the semiconductor company’s stock worth $1,730,000 after buying an additional 2,700 shares during the last quarter. Cohen Capital Management Inc. purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth $119,000. Reliance Trust Co. of Delaware purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth $366,000. Finally, Affinity Wealth Management purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth $233,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

KLA-Tencor Corporation Company Profile

KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

Analyst Recommendations for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.