KLA-Tencor (NASDAQ:KLAC) was upgraded by investment analysts at UBS Group to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Other research analysts also recently issued reports about the company. BidaskClub downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. B. Riley restated a “buy” rating and set a $142.00 price objective (up from $129.00) on shares of KLA-Tencor in a report on Monday, January 22nd. ValuEngine upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded KLA-Tencor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Argus began coverage on KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. KLA-Tencor currently has an average rating of “Buy” and an average target price of $120.57.
KLA-Tencor (NASDAQ KLAC) opened at $109.67 on Thursday. The company has a market capitalization of $17,314.35, a price-to-earnings ratio of 26.43 and a beta of 1.53. KLA-Tencor has a fifty-two week low of $87.93 and a fifty-two week high of $121.65. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03.
In other news, insider Richard P. Wallace sold 13,299 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the sale, the insider now owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emiko Higashi sold 500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the sale, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The disclosure for this sale can be found here. Insiders sold a total of 23,091 shares of company stock worth $2,533,647 over the last quarter. Company insiders own 0.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of KLAC. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of KLA-Tencor by 300.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares in the last quarter. Advisor Group Inc. boosted its position in shares of KLA-Tencor by 96.1% in the 4th quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 951 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of KLA-Tencor in the 4th quarter worth $210,000. Edge Advisors LLC boosted its position in shares of KLA-Tencor by 77.8% in the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of KLA-Tencor in the 3rd quarter worth $212,000. 90.65% of the stock is owned by hedge funds and other institutional investors.
KLA-Tencor Company Profile
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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