The stock of KLA-Tencor Corp (NASDAQ:KLAC) hit a new 52-week high and has $130.15 target or 65.00% above today’s $78.88 share price. The 6 months bullish chart indicates low risk for the $12.69B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $130.15 price target is reached, the company will be worth $8.25 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 258,557 shares traded hands. KLA-Tencor Corp (NASDAQ:KLAC) has risen 7.13% since April 15, 2016 and is uptrending. It has outperformed by 2.50% the S&P500.
KLA-Tencor Corp (NASDAQ:KLAC) Ratings Coverage
Out of 13 analysts covering KLA-Tencor Corporation (NASDAQ:KLAC), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. KLA-Tencor Corporation has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, October 23 by Citigroup. The rating was upgraded by Cowen & Co on Monday, August 29 to “Outperform”. As per Thursday, October 6, the company rating was maintained by Citigroup. CLSA upgraded the stock to “Outperform” rating in Friday, September 25 report. The company was upgraded on Thursday, October 6 by Berenberg. On Friday, September 25 the stock rating was upgraded by Credit Agricole to “Outperform”. The firm has “Neutral” rating given on Monday, October 26 by Nomura. On Thursday, October 22 the stock rating was downgraded by Needham to “Hold”. The stock has “Market Perform” rating given by Cowen & Co on Friday, July 31. The stock has “Buy” rating given by Nomura on Tuesday, September 22.
According to Zacks Investment Research, “KLA-Tencor Corporation is one of the world’s leading suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Its comprehensive portfolio of products, software, analysis, services and expertise is designed to help integrated circuit manufacturers manage yield throughout the entire wafer fabrication process.”
Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.49, from 0.84 in 2016Q1. The ratio increased, as 37 funds sold all KLA-Tencor Corp shares owned while 95 reduced positions. 47 funds bought stakes while 128 increased positions. They now own 126.45 million shares or 3.07% less from 130.45 million shares in 2016Q1.
The New York-based Art Advisors Ltd Liability Corporation has invested 0.13% in KLA-Tencor Corp (NASDAQ:KLAC). Suntrust Banks Incorporated holds 0.15% or 328,748 shares in its portfolio. Deutsche Bancorp Ag has 0.06% invested in the company for 1.15 million shares. Whittier Trust Co Of Nevada owns 1,230 shares or 0.01% of their US portfolio. Amalgamated Financial Bank reported 13,917 shares or 0.05% of all its holdings. Nordea Inv Ab holds 0% or 4,085 shares in its portfolio. Ubs Asset Management Americas holds 587,273 shares or 0.05% of its portfolio. Tcw Group Inc Inc has 12,500 shares for 0.01% of their US portfolio. Washington Tru Retail Bank accumulated 1,169 shares or 0.02% of the stock. Dai Ichi Life Insur Communication Limited, a Japan-based fund reported 3,005 shares. Gabelli Funds Limited Company accumulated 27,000 shares or 0.01% of the stock. The United Kingdom-based Legal & General Public Lc has invested 0.06% in KLA-Tencor Corp (NASDAQ:KLAC). Global X Management Lc has 0% invested in the company for 805 shares. Walleye Trading Ltd reported 33,254 shares or 0.02% of all its holdings. The British Columbia – Canada-based Connor Clark & Lunn Invest Management Limited has invested 0.01% in KLA-Tencor Corp (NASDAQ:KLAC).
Insider Transactions: Since July 5, 2016, the stock had 0 insider purchases, and 8 selling transactions for $5.73 million net activity. Trafas Brian M. also sold $604,713 worth of KLA-Tencor Corp (NASDAQ:KLAC) shares. $572,109 worth of shares were sold by Bell Bobby R on Tuesday, October 25. On Tuesday, October 25 Khan Ahmad A. sold $806,196 worth of the stock or 10,775 shares. Higgins Bren D. also sold $360,631 worth of KLA-Tencor Corp (NASDAQ:KLAC) shares. Kirloskar Virendra A sold 8,006 shares worth $596,543. $1.47 million worth of KLA-Tencor Corp (NASDAQ:KLAC) was sold by Kirk Michael on Tuesday, October 25.
Another recent and important KLA-Tencor Corp (NASDAQ:KLAC) news was published by Valuewalk.com which published an article titled: “Analysis Of KLA-Tencor Corp (KLAC) Dividend Increase” on November 08, 2016.
KLAC Company Profile
KLA-Tencor Corporation (KLA-Tencor), incorporated on July 9, 1975, 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. The Company’s services and products are used by bare wafer, integrated circuit (IC), lithography reticle (reticle or mask) and disk manufacturers around the world. These clients turn to the Company for inline wafer and IC defect monitoring, review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness, surface topography and composition measurements; measurement of in-chamber process conditions, wafer shape and stress metrology; computational lithography tools, and overall yield and fab-wide data management and analysis systems. The Company’s inspection and metrology products and related offerings are categorized in various groups, including Chip Manufacturing, Wafer Manufacturing, Reticle Manufacturing, LED, Power Device and Compound Semiconductor Manufacturing, Data Storage Media/Head Manufacturing, Microelectromechanical Systems (MEMS) Manufacturing, and General Purpose/Lab Applications. It also provides refurbished KLA-Tencor tools as service and support for its products.
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