Shares of KLA-Tencor Corp (NASDAQ:KLAC) have been given a consensus recommendation of “Buy” by the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $131.69.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Wednesday, June 27th. BidaskClub lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Citigroup lifted their price target on KLA-Tencor from $122.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Needham & Company LLC lowered KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, Cowen assumed coverage on KLA-Tencor in a research note on Monday, May 14th. They issued an “outperform” rating and a $140.00 price target on the stock.
Get KLA-Tencor alerts:Institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in KLA-Tencor by 3.2% during the fourth quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock worth $138,902,000 after buying an additional 40,512 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in KLA-Tencor by 52.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,066 shares of the semiconductor company’s stock worth $742,000 after buying an additional 2,425 shares in the last quarter. MANA Advisors LLC purchased a new position in KLA-Tencor during the fourth quarter worth approximately $725,000. Geode Capital Management LLC lifted its position in KLA-Tencor by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock worth $229,185,000 after buying an additional 218,032 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in KLA-Tencor during the fourth quarter worth approximately $3,110,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
KLAC traded down $2.20 during trading on Friday, hitting $101.60. The company’s stock had a trading volume of 803,832 shares, compared to its average volume of 1,497,752. The company has a current ratio of 3.78, a quick ratio of 3.07 and a debt-to-equity ratio of 1.80. KLA-Tencor has a twelve month low of $87.93 and a twelve month high of $123.96. The firm has a market cap of $16.18 billion, a P/E ratio of 17.10, a PEG ratio of 0.72 and a beta of 1.53.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, April 26th. The semiconductor company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.99 by $0.03. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. KLA-Tencor had a return on equity of 86.87% and a net margin of 18.17%. KLA-Tencor’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $1.62 earnings per share. equities research analysts forecast that KLA-Tencor will post 7.93 EPS for the current year.
KLA-Tencor declared that its Board of Directors has approved a share buyback program on Monday, March 19th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
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