KLA-Tencor (NASDAQ:KLAC) had its price target boosted by equities research analysts at KeyCorp from $134.00 to $151.00 in a research note issued to investors on Friday. The firm currently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price target would suggest a potential upside of 32.89% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Needham & Company LLC boosted their price target on shares of KLA-Tencor from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus boosted their price target on shares of KLA-Tencor from $121.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday. BidaskClub raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a report on Wednesday. B. Riley reissued a “buy” rating and issued a $142.00 price target (up previously from $129.00) on shares of KLA-Tencor in a report on Monday. Finally, Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.70.
Shares of KLA-Tencor (KLAC) traded up $0.54 during midday trading on Friday, reaching $113.63. 1,781,273 shares of the company traded hands, compared to its average volume of 1,436,108. The stock has a market cap of $17,730.00, a price-to-earnings ratio of 27.26 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. KLA-Tencor has a 12 month low of $84.57 and a 12 month high of $121.65.
In other news, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $110.00, for a total transaction of $55,000.00. Following the transaction, the director now owns 13,588 shares of the company’s stock, valued at approximately $1,494,680. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Teri A. Little sold 1,678 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $109.44, for a total transaction of $183,640.32. Following the transaction, the executive vice president now directly owns 8,452 shares in the company, valued at approximately $924,986.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,039 shares of company stock worth $3,464,189. Corporate insiders own 0.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Sun Life Financial INC boosted its position in shares of KLA-Tencor by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after acquiring an additional 1,144 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 750 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in KLA-Tencor in the third quarter valued at about $148,000. Edge Advisors LLC lifted its position in KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 872 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in KLA-Tencor in the third quarter valued at about $212,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
About KLA-Tencor
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.
