KLA-Tencor (NASDAQ:KLAC) had its price objective upped by Wells Fargo & Co from $115.00 to $120.00 in a report issued on Tuesday morning, BenzingaRatingsTable reports. They currently have a market perform rating on the semiconductor company’s stock.
Other research analysts also recently issued reports about the company. Goldman Sachs Group downgraded KLA-Tencor from a neutral rating to a sell rating in a research note on Monday, July 22nd. UBS Group boosted their price objective on KLA-Tencor to $150.00 and gave the company a buy rating in a research note on Tuesday. Deutsche Bank boosted their price objective on KLA-Tencor from $120.00 to $133.00 and gave the company a hold rating in a research note on Tuesday. ValuEngine downgraded KLA-Tencor from a buy rating to a hold rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a hold rating on shares of KLA-Tencor in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $142.21.
Shares of KLA-Tencor stock traded down $1.24 during trading hours on Tuesday, reaching $136.09. 906,466 shares of the stock traded hands, compared to its average volume of 1,688,368. The business’s 50 day moving average is $126.79. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. KLA-Tencor has a one year low of $80.65 and a one year high of $143.95. The company has a quick ratio of 1.84, a current ratio of 2.44 and a debt-to-equity ratio of 1.19.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.00 annualized dividend and a dividend yield of 2.20%. KLA-Tencor’s dividend payout ratio (DPR) is 35.46%.
In related news, insider Brian M. Trafas sold 274 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $121.36, for a total transaction of $33,252.64. Following the sale, the insider now owns 274 shares in the company, valued at approximately $33,252.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bren D. Higgins sold 1,669 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $134.16, for a total value of $223,913.04. Following the sale, the chief financial officer now owns 8,443 shares in the company, valued at approximately $1,132,712.88. The disclosure for this sale can be found here. Insiders have sold a total of 24,033 shares of company stock worth $3,143,797 over the last ninety days. Insiders own 0.19% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Advisors Preferred LLC purchased a new stake in KLA-Tencor during the 1st quarter valued at $26,000. NuWave Investment Management LLC purchased a new stake in KLA-Tencor during the 1st quarter valued at $27,000. Hexavest Inc. purchased a new stake in KLA-Tencor during the 2nd quarter valued at $28,000. Spectrum Management Group Inc. purchased a new stake in KLA-Tencor during the 1st quarter valued at $40,000. Finally, Parallel Advisors LLC raised its holdings in KLA-Tencor by 152.3% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 201 shares during the period. Institutional investors own 88.42% of the company’s stock.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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