Susquehanna Bancshares upgraded shares of KLA-Tencor (NASDAQ:KLAC) from a negative rating to a neutral rating in a research note published on Thursday morning, MarketBeat reports.
KLAC has been the topic of a number of other reports. KeyCorp upgraded shares of KLA-Tencor from a sector weight rating to an overweight rating and set a $134.00 target price on the stock in a research report on Monday, December 18th. Zacks Investment Research upgraded shares of KLA-Tencor from a hold rating to a buy rating and set a $122.00 price target on the stock in a research report on Wednesday, December 27th. Needham & Company LLC downgraded shares of KLA-Tencor from a strong-buy rating to a buy rating and set a $130.00 price target on the stock. in a research report on Monday, January 8th. Stifel Nicolaus increased their price target on shares of KLA-Tencor from $106.00 to $114.00 and gave the company a buy rating in a research report on Wednesday, October 25th. Finally, Credit Suisse Group reiterated an outperform rating and issued a $134.00 price target (up from $124.00) on shares of KLA-Tencor in a research report on Monday, January 29th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. KLA-Tencor presently has an average rating of Buy and an average target price of $120.57.
Shares of KLA-Tencor (NASDAQ KLAC) traded up $1.56 during trading hours on Thursday, reaching $110.47. 1,254,679 shares of the company’s stock were exchanged, compared to its average volume of 1,750,384. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03. KLA-Tencor has a 12-month low of $87.93 and a 12-month high of $121.65. The company has a market cap of $17,301.81, a price-to-earnings ratio of 26.62 and a beta of 1.53.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.72%. This is a boost from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s payout ratio is 56.87%.
In other KLA-Tencor news, Director Emiko Higashi sold 1,775 shares of KLA-Tencor stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $120.00, for a total transaction of $213,000.00. Following the completion of the transaction, the director now directly owns 9,519 shares of the company’s stock, valued at $1,142,280. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard P. Wallace sold 13,299 shares of KLA-Tencor 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 sale, the insider now directly owns 43,442 shares of the company’s stock, valued at approximately $4,782,964.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,091 shares of company stock valued at $2,533,647. Company insiders own 0.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of KLAC. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after buying an additional 750 shares in the last quarter. Advisor Group Inc. raised its stake in KLA-Tencor by 96.1% in the fourth quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 951 shares in the last quarter. BB&T Securities LLC acquired a new position in KLA-Tencor in the fourth quarter valued at about $210,000. Edge Advisors LLC raised its stake in KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 872 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in KLA-Tencor in the third quarter valued at about $212,000. 90.65% of the stock is owned by institutional investors.
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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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