KLA-Tencor Sees Unusually High Options Volume (KLAC)

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KLA-Tencor Corp (NASDAQ:KLAC) was the target of some unusual options trading on Monday. Investors purchased 3,327 call options on the company. This represents an increase of 1,035% compared to the average volume of 293 call options.

In other news, SVP Virendra A. Kirloskar sold 1,537 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $118.87, for a total value of $182,703.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard P. Wallace sold 14,207 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $118.49, for a total value of $1,683,387.43. The disclosure for this sale can be found here. Insiders sold a total of 51,880 shares of company stock worth $6,075,839 over the last quarter. Company insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Stephens Inc. AR lifted its position in KLA-Tencor by 45.6% during the 2nd quarter. Stephens Inc. AR now owns 14,585 shares of the semiconductor company’s stock worth $1,495,000 after acquiring an additional 4,565 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of KLA-Tencor during the 3rd quarter valued at about $246,000. Royal London Asset Management Ltd. purchased a new position in shares of KLA-Tencor during the 2nd quarter valued at about $10,204,000. Meadow Creek Investment Management LLC raised its stake in shares of KLA-Tencor by 195.5% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 38,768 shares of the semiconductor company’s stock valued at $3,975,000 after buying an additional 25,648 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of KLA-Tencor by 40.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 92,844 shares of the semiconductor company’s stock valued at $9,519,000 after buying an additional 26,570 shares during the last quarter. 91.96% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on KLAC. BidaskClub cut KLA-Tencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. B. Riley lowered their price objective on KLA-Tencor from $152.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, July 31st. Cowen raised their price objective on KLA-Tencor from $140.00 to $148.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 31st. Evercore ISI lowered their price objective on KLA-Tencor to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, July 17th. Finally, Zacks Investment Research cut KLA-Tencor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $136.15.

Shares of KLAC opened at $85.13 on Tuesday. KLA-Tencor has a one year low of $84.59 and a one year high of $123.96. The company has a quick ratio of 2.97, a current ratio of 3.73 and a debt-to-equity ratio of 1.38. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.25 and a beta of 1.57.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.25. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that KLA-Tencor will post 9.06 earnings per share for the current year.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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