The stock of KLA-Tencor Corp (NASDAQ:KLAC) hit a new 52-week high and has $88.79 target or 8.00% above today’s $82.21 share price. The 9 months bullish chart indicates low risk for the $13.01B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $88.79 price target is reached, the company will be worth $1.04 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 375,390 shares traded hands. KLA-Tencor Corp (NASDAQ:KLAC) has risen 10.95% since April 20, 2016 and is uptrending. It has outperformed by 6.39% 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. $86 is the highest target while $51 is the lowest. The $68 average target is -17.29% below today’s ($82.21) stock price. KLA-Tencor Corporation has been the topic of 28 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Berenberg upgraded KLA-Tencor Corp (NASDAQ:KLAC) on Thursday, October 6 to “Buy” rating. Needham maintained KLA-Tencor Corp (NASDAQ:KLAC) on Friday, October 21 with “Buy” rating. The firm earned “Market Perform” rating on Thursday, October 22 by Cowen & Co. The company was upgraded on Friday, October 23 by Citigroup. The company was upgraded on Tuesday, September 13 by Credit Suisse. Piper Jaffray downgraded the shares of KLAC in a report on Thursday, October 22 to “Neutral” rating. The firm has “Outperform” rating given on Friday, September 25 by Credit Agricole. On Tuesday, September 22 the stock rating was upgraded by Nomura to “Buy”. Citigroup downgraded the stock to “Sell” rating in Tuesday, July 28 report. Cowen & Co maintained KLA-Tencor Corp (NASDAQ:KLAC) rating on Friday, July 31. Cowen & Co has “Market Perform” rating and $60 price target.
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 1.61 in Q2 2016. Its up 0.28, from 1.33 in 2016Q1. The ratio improved, 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.
Usa Portformulas accumulated 11,705 shares or 0.24% of the stock. The Connecticut-based Verition Fund Mgmt Ltd Llc has invested 0.06% in KLA-Tencor Corp (NASDAQ:KLAC). Advisor Prns Limited Liability Com holds 0.1% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC) for 3,739 shares. Fmr Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Bessemer Grp holds 0% of its portfolio in KLA-Tencor Corp (NASDAQ:KLAC) for 290 shares. Tiaa Cref Investment Ltd Co owns 565,142 shares or 0.03% of their US portfolio. The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0.02% in KLA-Tencor Corp (NASDAQ:KLAC). Mckinley Cap Mgmt Lc Delaware has 0% invested in the company for 60 shares. Korea Inv Corp, a Korea-based fund reported 89,800 shares. Babson Lc has 0.1% invested in the company for 51,487 shares. Meiji Yasuda Asset Mngmt holds 5,752 shares or 0.06% of its portfolio. The Washington-based Washington Tru Fincl Bank has invested 0.02% in KLA-Tencor Corp (NASDAQ:KLAC). Janney Montgomery Scott Ltd Limited Liability Company accumulated 0.01% or 8,811 shares. Westpac holds 8,330 shares or 0% of its portfolio. Moreover, Wells Fargo & Mn has 0.01% invested in KLA-Tencor Corp (NASDAQ:KLAC) for 190,779 shares.
Insider Transactions: Since July 5, 2016, the stock had 0 insider buys, and 8 insider sales for $5.73 million net activity. $604,713 worth of shares were sold by Trafas Brian M. on Tuesday, October 25. Kirk Michael sold $1.47 million worth of stock or 19,750 shares. $1.29M worth of KLA-Tencor Corp (NASDAQ:KLAC) was sold by Khan Ahmad A.. Shares for $360,631 were sold by Higgins Bren D. on Tuesday, October 25. 8,006 shares were sold by Kirloskar Virendra A, worth $596,543 on Tuesday, October 25. $572,109 worth of KLA-Tencor Corp (NASDAQ:KLAC) was sold by Bell Bobby R.
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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