KLA-Tencor (NASDAQ:KLAC) had its price target hoisted by investment analysts at KeyCorp from $143.00 to $149.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price target suggests a potential upside of 27.39% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Tuesday, April 2nd. BidaskClub cut KLA-Tencor from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Stifel Nicolaus upped their price target on KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. UBS Group upped their price target on KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, ValuEngine upgraded KLA-Tencor from a “sell” rating to a “hold” rating in a report on Friday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $133.36.
KLAC opened at $116.96 on Tuesday. The company has a market cap of $19.45 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.37 and a beta of 1.61. KLA-Tencor has a 1 year low of $80.65 and a 1 year high of $129.03. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35.
In other news, Director Emiko Higashi sold 2,141 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $117.43, for a total transaction of $251,417.63. Following the completion of the transaction, the director now directly owns 8,780 shares in the company, valued at approximately $1,031,035.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ahmad A. Khan sold 3,851 shares of the stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $107.52, for a total value of $414,059.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,661 shares of company stock valued at $860,133. 0.19% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in shares of KLA-Tencor during the 1st quarter valued at approximately $26,000. NuWave Investment Management LLC acquired a new stake in shares of KLA-Tencor during the 1st quarter valued at approximately $27,000. Resources Investment Advisors Inc. acquired a new stake in shares of KLA-Tencor during the 4th quarter valued at approximately $29,000. JOYN Advisors Inc. raised its position in shares of KLA-Tencor by 251.0% during the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. Finally, Spectrum Management Group Inc. acquired a new stake in shares of KLA-Tencor during the 1st quarter valued at approximately $40,000. Institutional investors own 92.48% 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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