KLA-Tencor Corp (NASDAQ:KLAC) was the recipient of some unusual options trading on Tuesday. Investors acquired 8,337 call options on the stock. This is an increase of 1,548% compared to the typical volume of 506 call options.

Several analysts recently weighed in on the company. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a report on Friday, July 19th. UBS Group boosted their price objective on KLA-Tencor to $150.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Deutsche Bank boosted their price objective on KLA-Tencor from $120.00 to $133.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Credit Suisse Group boosted their price objective on KLA-Tencor from $130.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on KLA-Tencor from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. KLA-Tencor has a consensus rating of “Buy” and an average price target of $142.21.

In related news, CAO Virendra A. Kirloskar sold 1,579 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $130.10, for a total value of $205,427.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Trafas sold 274 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $121.36, for a total value of $33,252.64. Following the completion of the sale, the insider now directly owns 274 shares of the company’s stock, valued at $33,252.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,533 shares of company stock valued at $2,978,227. 0.19% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLAC. Pictet Asset Management Ltd. lifted its position in KLA-Tencor by 19.2% in the first quarter. Pictet Asset Management Ltd. now owns 3,545,429 shares of the semiconductor company’s stock worth $423,360,000 after purchasing an additional 571,970 shares during the period. BlackRock Inc. lifted its position in KLA-Tencor by 4.8% in the first quarter. BlackRock Inc. now owns 11,778,110 shares of the semiconductor company’s stock worth $1,406,425,000 after purchasing an additional 541,351 shares during the period. Janus Henderson Group PLC lifted its position in KLA-Tencor by 14.1% in the second quarter. Janus Henderson Group PLC now owns 3,391,942 shares of the semiconductor company’s stock worth $400,927,000 after purchasing an additional 418,962 shares during the period. AJO LP acquired a new stake in shares of KLA-Tencor during the 1st quarter valued at $48,340,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of KLA-Tencor during the 1st quarter valued at $40,422,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.

KLAC opened at $135.22 on Wednesday. The firm has a market capitalization of $21.99 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.44 and a quick ratio of 1.73. KLA-Tencor has a 1-year low of $80.65 and a 1-year high of $143.95. The business has a 50 day moving average price of $128.52.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. KLA-Tencor had a return on equity of 60.86% and a net margin of 25.73%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.22 earnings per share. As a group, research analysts predict that KLA-Tencor will post 9.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.22%. KLA-Tencor’s dividend payout ratio (DPR) is 35.46%.

KLA-Tencor Company Profile

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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