Latest Stocks: KLA-Tencor Corp (KLAC) PT Raised to $120.00 at Cowen and Company

Latest Stocks: KLA-Tencor Corp (KLAC) PT Raised to $120.00 at Cowen and Company

KLA-Tencor Corp (NASDAQ:KLAC) had its target price upped by equities researchers at Cowen and Company from $115.00 to $120.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the semiconductor company’s stock. Cowen and Company’s target price indicates a potential upside of 12.75% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Susquehanna Bancshares Inc reissued a “negative” rating on shares of KLA-Tencor Corp in a report on Monday, April 17th. Stifel Nicolaus raised their price target on shares of KLA-Tencor Corp from $83.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, March 28th. Credit Suisse Group AG reissued an “outperform” rating and issued a $100.00 price target (up previously from $93.00) on shares of KLA-Tencor Corp in a report on Saturday, March 11th. Vetr lowered shares of KLA-Tencor Corp from a “buy” rating to a “hold” rating and set a $90.17 price target for the company. in a report on Thursday, February 2nd. Finally, Needham & Company LLC raised their price target on shares of KLA-Tencor Corp from $105.00 to $120.00 and gave the company a “strong-buy” rating in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $92.98.

Shares of KLA-Tencor Corp (KLAC) opened at 106.40 on Friday. The firm has a market capitalization of $16.68 billion, a P/E ratio of 17.77 and a beta of 1.62. KLA-Tencor Corp has a 52-week low of $66.88 and a 52-week high of $106.79. The firm has a 50-day moving average price of $101.20 and a 200-day moving average price of $90.10.

KLA-Tencor Corp (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $914 million during the quarter, compared to analyst estimates of $895.69 million. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. KLA-Tencor Corp’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. On average, equities research analysts anticipate that KLA-Tencor Corp will post $5.89 EPS for the current year. The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $2.16 dividend on an annualized basis and a yield of 2.03%. KLA-Tencor Corp’s payout ratio is presently 39.27%.

KLA-Tencor Corp (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The business had revenue of $914 million during the quarter, compared to analyst estimates of $895.69 million. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. KLA-Tencor Corp’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. On average, equities research analysts anticipate that KLA-Tencor Corp will post $5.89 EPS for the current year. In other news, SVP Brian Lorig sold 1,663 shares of KLA-Tencor Corp stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $99.81, for a total transaction of $165,984.03. Following the transaction, the senior vice president now directly owns 1,346 shares of the company’s stock, valued at $134,344.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kevin Kennedy sold 2,500 shares of KLA-Tencor Corp stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $99.09, for a total transaction of $247,725.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,096 shares of company stock worth $1,437,147. Insiders own 0.26% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Cohen Capital Management Inc. purchased a new position in shares of KLA-Tencor Corp during the first quarter worth $119,000. Ledyard National Bank purchased a new position in shares of KLA-Tencor Corp during the first quarter worth $135,000. Trust Co. of Vermont boosted its position in shares of KLA-Tencor Corp by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock worth $138,000 after buying an additional 45 shares in the last quarter. IFP Advisors Inc boosted its position in shares of KLA-Tencor Corp by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock worth $195,000 after buying an additional 928 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of KLA-Tencor Corp during the first quarter worth $202,000. 90.08% of the stock is currently owned by institutional investors. About KLA-Tencor Corp

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