KLA-Tencor Corporation (KLAC) Price Target Raised to $110.00 at Citigroup Inc.
KLA-Tencor Corporation (NASDAQ:KLAC) had its price target boosted by research analysts at Citigroup Inc. from $106.00 to $110.00 in a report released on Monday. The firm currently has a “neutral” rating on the semiconductor company’s stock. Citigroup Inc.’s price target would suggest a potential upside of 2.49% from the stock’s current price.
A number of other brokerages also recently commented on KLAC. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday. B. Riley reissued a “buy” rating and issued a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor Corporation in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Thursday, October 19th. Stifel Nicolaus upped their price objective on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, KeyCorp restated a “hold” rating on shares of KLA-Tencor Corporation in a report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $107.51.
KLA-Tencor Corporation (NASDAQ KLAC) traded down 0.67% during mid-day trading on Monday, hitting $107.35. 1,900,976 shares of the company were exchanged. The firm has a 50 day moving average price of $103.20 and a 200 day moving average price of $98.89. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 18.26 and a beta of 1.68. KLA-Tencor Corporation has a 12 month low of $73.30 and a 12 month high of $109.78.
KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period in the prior year, the company posted $1.16 EPS. KLA-Tencor Corporation’s quarterly revenue was up 29.2% on a year-over-year basis. Analysts anticipate that KLA-Tencor Corporation will post $7.12 EPS for the current fiscal year.
In related news, CFO Bren D. Higgins sold 314 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total transaction of $29,154.90. Following the completion of the transaction, the chief financial officer now owns 314 shares in the company, valued at approximately $29,154.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bobby R. Bell sold 4,236 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total value of $446,940.36. Following the transaction, the insider now owns 8,908 shares of the company’s stock, valued at approximately $939,883.08. The disclosure for this sale can be found here. Insiders have sold a total of 84,512 shares of company stock valued at $7,726,826 in the last 90 days. 0.20% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of KLAC. Sun Life Financial INC lifted its position in shares of KLA-Tencor Corporation by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,144 shares during the period. Grove Bank & Trust lifted its position in shares of KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after buying an additional 290 shares during the period. Bristlecone Advisors LLC bought a new position in shares of KLA-Tencor Corporation during the 3rd quarter worth approximately $148,000. Checchi Capital Advisers LLC lifted its position in shares of KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after buying an additional 44 shares during the period. Finally, IBM Retirement Fund lifted its position in shares of KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after buying an additional 584 shares during the period. Institutional investors and hedge funds own 89.08% 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.
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