KLA-Tencor (NASDAQ:KLAC) had its price target hoisted by equities researchers at Needham & Company LLC from $130.00 to $135.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 19.01% from the stock’s previous close.
A number of other brokerages also recently issued reports on KLAC. Stifel Nicolaus lifted their price target on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating and set a $129.00 price target (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. BidaskClub downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Finally, Argus began coverage on KLA-Tencor in a report on Wednesday, November 29th. They issued a “buy” rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $114.70.
Shares of KLA-Tencor (NASDAQ KLAC) traded up $0.35 during midday trading on Friday, reaching $113.44. The company’s stock had a trading volume of 2,314,453 shares, compared to its average volume of 1,474,658. The stock has a market cap of $17,730.00, a P/E ratio of 27.33 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. KLA-Tencor has a 12 month low of $84.57 and a 12 month high of $121.65.
In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $101.26, for a total transaction of $50,630.00. Following the completion of the sale, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Edward W. Barnholt sold 10,914 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $104.90, for a total value of $1,144,878.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,039 shares of company stock valued at $3,464,189. 0.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Adviser Investments LLC raised its stake in KLA-Tencor by 39.8% during the 3rd quarter. Adviser Investments LLC now owns 38,524 shares of the semiconductor company’s stock valued at $4,084,000 after acquiring an additional 10,965 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in KLA-Tencor by 4,857.1% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,470 shares of the semiconductor company’s stock valued at $367,000 after acquiring an additional 3,400 shares during the last quarter. Korea Investment CORP raised its stake in KLA-Tencor by 21.5% during the 3rd quarter. Korea Investment CORP now owns 141,451 shares of the semiconductor company’s stock valued at $14,994,000 after acquiring an additional 25,000 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in KLA-Tencor by 7.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 33,885 shares of the semiconductor company’s stock valued at $3,592,000 after acquiring an additional 2,491 shares during the last quarter. Finally, Cypress Capital Group acquired a new position in KLA-Tencor during the 3rd quarter worth approximately $336,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
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.