Economy

Lookout for Price Target? KLA-Tencor Corporation (KLAC), Fifth Third Bancorp (FITB)

KLAC has been the topic of several other research reports. Finally, Oregon Public Employees Retirement Fund increased its holdings in KLA-Tencor Corporation by 152.6% during the second quarter. Additionally KLA-Tencor Corporation declared a dividend paid on Friday the 1st of September 2017.

Among 16 analysts covering KLA-Tencor Corporation (NASDAQ:KLAC), 8 have Buy rating, 0 Sell and 8 Hold. Cowen and Company reiterated a buy rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. The analyst recommendations from a month ago are 0 Buy, 5 Strong Buy, 0 Sell, 1 Hold and 2. Its share price has risen 9.88% in three months and is up 0.85% for the last five trades. BidaskClub downgraded KLA-Tencor Corporation from a "hold" rating to a "sell" rating in a research note on Friday, August 4th. KLA-Tencor Corporation has a 1-year low of $71.11 and a 1-year high of $109.59.

The stock is trading at $107.33 just above $99.56, the 50 day moving average and a bit higher than the 200 day moving average of $98.06. The company has market cap of $881.72 million.

KLA-Tencor Corporation (NASDAQ:KLAC) soared 33.83% year-to-date. Moreover, Rivernorth Capital Management Llc has 1.87% invested in the company for 2.04 million shares. The high and low revenue estimates for the current quarter are $941.22 Million and $915 Million, respectively. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, July 27th. Finally, Jane Street Group LLC boosted its stake in shares of KLA-Tencor Corporation by 169.2% in the 1st quarter. Analysts forecast that KLA-Tencor Corporation will post $6.74 earnings per share for the current year. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of USA & worldwide copyright legislation. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/17/kla-tencor-corporation-klac-stock-rating-reaffirmed-by-keycorp.html. The stock ended last trade at $107.33 a share and the price is up more than 36.41% so far this year. The shares were sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the transaction, the senior vice president now directly owns 297 shares in the company, valued at $27,321.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was sold at an average price of $89.15, for a total transaction of $562,269.05. Sr VP Brian Lorig sold 2,893 shares at an average price of $95.24 on September 8th. Following the completion of the sale, the insider now owns 58,831 shares of the company's stock, valued at approximately $5,345,384.66. Investors who are keeping close eye on the stock of KLA-Tencor Corporation (NASDAQ:KLAC) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 6.13 and sector's optimum level is 10.92. Nikko Asset Management Americas, Inc. now controls 1,200 shares worth $48,000. The value of the investment in KLA-Tencor Corporation increased from $2,754,000 to $3,036,000 a change of $282,000 quarter to quarter. Sumitomo Mitsui Asset Management owns 35,720 shares for 0.05% of their portfolio. As of quarter end Cigna Investments Inc /new had disposed of 76 shares trimming its position 0.5%. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company's stock worth $202,000 after buying an additional 44 shares during the last quarter. The dividend was $0.590 per share for the quarter or $2.36 on an annualized basis. The Q2 2018 consensus earnings estimates for the company have stabilized at US$1.69 per share. Following the sale, the insider now directly owns 8,908 shares of the company's stock, valued at $939,883.08.

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



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