KLA-Tencor (KLAC) Price Target Increased to $140.00 by Analysts at UBS Group

KLA-Tencor (NASDAQ:KLAC) had its target price upped by UBS Group from $135.00 to $140.00 in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has a buy rating on the semiconductor company’s stock.

KLAC has been the subject of a number of other reports. Stifel Nicolaus increased their price target on KLA-Tencor from $124.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. started coverage on KLA-Tencor in a research note on Thursday, March 7th. They issued an overweight rating and a $160.00 price target for the company. BidaskClub upgraded KLA-Tencor from a buy rating to a strong-buy rating in a research note on Friday, March 22nd. 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 research note on Tuesday, April 2nd. Finally, Cowen reiterated an outperform rating and issued a $140.00 price target (up from $130.00) on shares of KLA-Tencor in a research note on Thursday, March 7th. One research 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. The company presently has an average rating of Buy and an average price target of $133.36.

NASDAQ KLAC traded down $0.80 on Tuesday, hitting $113.33. 992,071 shares of the company’s stock were exchanged, compared to its average volume of 1,568,610. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35. KLA-Tencor has a 52 week low of $80.65 and a 52 week high of $129.03. The stock has a market capitalization of $19.45 billion, a PE ratio of 14.17, a PEG ratio of 1.37 and a beta of 1.61.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company earned $2.02 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that KLA-Tencor will post 8.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, May 14th. KLA-Tencor’s payout ratio is 37.50%.

In related news, EVP Ahmad A. Khan sold 3,633 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $116.25, for a total value of $422,336.25. Following the completion of the sale, the executive vice president now directly owns 549 shares in the company, valued at $63,821.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ahmad A. Khan sold 3,851 shares of the stock in a transaction 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. Insiders sold 11,294 shares of company stock valued at $1,282,469 over the last 90 days. 0.19% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of KLAC. Acadian Asset Management LLC acquired a new stake in KLA-Tencor in the first quarter valued at $25,000. Advisors Preferred LLC acquired a new stake in KLA-Tencor in the first quarter valued at $26,000. NuWave Investment Management LLC acquired a new stake in KLA-Tencor in the first quarter valued at $27,000. Resources Investment Advisors Inc. acquired a new stake in KLA-Tencor in the fourth quarter valued at $29,000. Finally, JOYN Advisors Inc. increased its holdings in KLA-Tencor by 251.0% in the fourth quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 92.48% of the company’s stock.

KLA-Tencor Company Profile

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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The Fly

Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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