Tencor Corporation (KLAC) Stake Up in Latest Report from Korea Investment Corp

Angelo Anderson
October 31, 2017

The stock of KLA-Tencor Corp (NASDAQ:KLAC) has "Buy" rating given on Friday, July 7 by Cowen & Co.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. It also provides refurbished KLA-Tencor tools as service and support for its products. JPMorgan Chase & Co. raised their price objective on KLA-Tencor Corp. from $79.50 to $84.50 and gave the company an "overweight" rating in a research note on Friday, July 29th.

A number of other hedge funds also recently bought and sold shares of the company. Shares of KLA-Tencor Corporation are now valued at $108.07 with a furture target price of $105.38 according to research brokerages.

Short traders are more bullish on shares of the company if you look at the decrease in short interest. Raymond James Financial Services Advisors Inc. lifted its holdings in KLA-Tencor Corporation by 8.3% during the third quarter. Finally, Pictet Asset Management Ltd. lifted its holdings in KLA-Tencor Corporation by 46.0% during the third quarter. 2,477,321 shares of the company were exchanged. The shares were sold at an average price of $74.54, for a total transaction of $1,472,165.00. Vanguard Group Inc. now owns 14,514,615 shares of the company's stock worth $1,063,195,000 after buying an additional 294,033 shares during the period. Vanguard Group Inc. increased its position in shares of KLA-Tencor Corp.by 2.1% in the second quarter.

ROE (Return on equity) was recorded as 89.20% and KLAC's has Return on assets (ROA) of 18.00% while Return on Investment (ROI) was recorded as 24.20%.

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06/02/2017 - KLA-Tencor Corporation had its "outperform" rating reiterated by analysts at Cowen.

Several firms have updated their holdings. KLA-Tencor Corporation had 9 analyst reports since March 28, 2017 according to SRatingsIntel. 2,194 were reported by Lombard Odier Asset Mngmt (Europe) Ltd. Gareth Morgan Invests Ltd Partnership holds 0.19% in KLA-Tencor Corp (NASDAQ:KLAC) or 22,200 shares. KLA-Tencor Corp. The firm's revenue was up 16.8% on a year-over-year basis. Of the analysts who provided ratings, 3 rated the company a Hold, 1 rated it a Strong Sell, and 5 rated it a Strong Buy. Carroll Financial Assocs stated it has 0% in KLA-Tencor Corp (NASDAQ:KLAC). Van Eck Associates Corp sold 78,038 shares as Kla (KLAC)'s stock rose 15.06%. The 50 day moving average moved up $3.79 and the 200 day average went up by +8.41%. Following the completion of the transaction, the chief financial officer now directly owns 314 shares in the company, valued at $29,154.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The total amount of shares outstanding is 158.03M, giving the company a market capitalization of about 17.08B. Following the sale, the senior vice president now directly owns 1,092 shares in the company, valued at $101,392.20. The disclosure for this sale can be found here. Institutions are now holders of 92.20% of the shares. Over the past twelve months, KLA-Tencor Corporation (NASDAQ:KLAC)'s stock was 37.35%. The overall volume in the last trading session was 32,129,568 shares. The company has a 50-day moving average price of $71.91 and a 200-day moving average price of $71.98. KLA-Tencor Corporation has a 12 month low of $73.30 and a 12 month high of $109.78. The company has market cap of $16.77 billion.

Among 5 analysts covering KLA-Tencor Corporation (NDAQ:KLAC), 4 have Buy rating, 0 Sell and 1 Hold. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.63 by $0.17. The company had revenue of $751 million for the quarter, compared to analysts' expectations of $735.01 million. The business's revenue for the quarter was up 29.2% compared to the same quarter past year. On average, equities research analysts predict that KLA-Tencor Corporation will post $7.12 EPS for the current year.

KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries.

Looking at a company's operating margin is also helpful. Webster National Bank N A holds 0% or 224 shares.

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