KLA-Tencor (NASDAQ:KLAC) had its target price raised by stock analysts at Citigroup from $110.00 to $112.00 in a report released on Tuesday. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s price target indicates a potential upside of 2.37% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, December 27th. KeyCorp upgraded shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research report on Monday, December 18th. Needham & Company LLC lowered shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price objective on the stock. in a research report on Monday, January 8th. B. Riley reiterated a “buy” rating and issued a $129.00 price objective (up from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. Finally, Argus began coverage on shares of KLA-Tencor in a research report on Wednesday, November 29th. They issued a “buy” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.54.
Shares of KLA-Tencor (NASDAQ:KLAC) traded down $2.72 on Tuesday, hitting $109.41. 1,535,628 shares of the stock were exchanged, compared to its average volume of 1,475,015. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $17,590.00, a price-to-earnings ratio of 26.29 and a beta of 1.63. KLA-Tencor has a twelve month low of $84.57 and a twelve month high of $121.65.
In other KLA-Tencor news, SVP Brian Lorig sold 836 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $105.76, for a total value of $88,415.36. Following the completion of the sale, the senior vice president now owns 566 shares of the company’s stock, valued at $59,860.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Virendra A. Kirloskar sold 600 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $60,912.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,136 shares of company stock worth $3,493,549. 0.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in KLA-Tencor by 4.8% in the third quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after acquiring an additional 208,499 shares during the period. Pictet Asset Management Ltd. lifted its holdings in KLA-Tencor by 46.0% in the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after acquiring an additional 770,480 shares during the period. Ameriprise Financial Inc. lifted its holdings in KLA-Tencor by 375.7% in the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after acquiring an additional 885,147 shares during the period. Legal & General Group Plc lifted its holdings in KLA-Tencor by 5.4% in the third quarter. Legal & General Group Plc now owns 827,064 shares of the semiconductor company’s stock valued at $87,662,000 after acquiring an additional 42,006 shares during the period. Finally, Koch Industries Inc. lifted its holdings in KLA-Tencor by 16,899.5% in the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock valued at $737,000 after acquiring an additional 740,876 shares during the period. 90.81% of the stock is owned by institutional investors.
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KLA-Tencor 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.
