KLA-Tencor (NASDAQ:KLAC) had its price target increased by Stifel Nicolaus from $121.00 to $139.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 20.94% from the company’s previous close.
KLAC has been the topic of a number of other research reports. Zacks Investment Research downgraded KLA-Tencor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 12th. KeyCorp raised KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Monday, December 18th. Citigroup increased their price target on KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Argus began coverage on KLA-Tencor in a research note on Wednesday, November 29th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. KLA-Tencor currently has an average rating of “Buy” and a consensus price target of $112.51.
KLA-Tencor (NASDAQ KLAC) traded down $1.08 during mid-day trading on Wednesday, hitting $114.93. The stock had a trading volume of 1,250,000 shares, compared to its average volume of 1,310,000. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. The firm has a market cap of $18,030.00, a P/E ratio of 17.63 and a beta of 1.63. KLA-Tencor has a one year low of $81.88 and a one year high of $116.62.
In related news, CFO Bren D. Higgins sold 3,599 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.52, for a total transaction of $365,370.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total value of $55,000.00. Following the sale, the director now directly owns 13,588 shares in the company, valued at approximately $1,494,680. The disclosure for this sale can be found here. Insiders have sold a total of 33,039 shares of company stock worth $3,464,189 in the last ninety days. 0.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of KLAC. Navellier & Associates Inc increased its holdings in KLA-Tencor by 1.2% during the 2nd quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 30 shares in the last quarter. Nordea Investment Management AB increased its holdings in KLA-Tencor by 1.3% during the 2nd quarter. Nordea Investment Management AB now owns 6,586 shares of the semiconductor company’s stock worth $603,000 after purchasing an additional 85 shares in the last quarter. Intellectus Partners LLC increased its holdings in KLA-Tencor by 2.1% during the 2nd quarter. Intellectus Partners LLC now owns 5,103 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 103 shares in the last quarter. M&T Bank Corp increased its holdings in KLA-Tencor by 0.6% during the 2nd quarter. M&T Bank Corp now owns 17,633 shares of the semiconductor company’s stock worth $1,613,000 after purchasing an additional 110 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in KLA-Tencor by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 190 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
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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.
