Credit Suisse Group Reiterates $115.00 Price Target for KLA-Tencor Corporation (KLAC)
KLAC has been the topic of several other research reports. Deutsche Bank AG reaffirmed a hold rating and issued a $100.00 price target (up previously from $85.00) on shares of KLA-Tencor Corporation in a research note on Saturday, April 29th. Cowen and Company raised their price target on shares of KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, June 2nd. Stifel Nicolaus reaffirmed a hold rating and issued a $102.00 price target (up previously from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Susquehanna Bancshares Inc downgraded shares of KLA-Tencor Corporation to a neutral rating and reduced their price target for the stock from $72.00 to $65.00 in a research note on Tuesday, April 18th. Finally, BidaskClub raised shares of KLA-Tencor Corporation from a hold rating to a buy rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor Corporation currently has an average rating of Hold and a consensus target price of $98.63.
KLA-Tencor Corporation (NASDAQ KLAC) opened at 92.63 on Friday. The company’s 50 day moving average is $97.02 and its 200 day moving average is $95.42. KLA-Tencor Corporation has a 12 month low of $66.88 and a 12 month high of $109.59. The stock has a market cap of $14.51 billion, a PE ratio of 15.75 and a beta of 1.63.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.05. The company had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 EPS. On average, analysts anticipate that KLA-Tencor Corporation will post $6.68 EPS for the current fiscal year.
In other news, SVP Virendra A. Kirloskar sold 314 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total value of $28,806.36. Following the transaction, the senior vice president now owns 611 shares of the company’s stock, valued at approximately $56,053.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin Kennedy sold 2,500 shares of KLA-Tencor Corporation stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $91.33, for a total transaction of $228,325.00. Following the completion of the transaction, the director now directly owns 6,219 shares in the company, valued at approximately $567,981.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,432 shares of company stock worth $1,019,543. Insiders own 0.26% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Windward LLC purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth about $513,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth about $226,000. Gulf International Bank UK Ltd increased its position in shares of KLA-Tencor Corporation by 3.3% in the first quarter. Gulf International Bank UK Ltd now owns 50,491 shares of the semiconductor company’s stock worth $4,800,000 after buying an additional 1,600 shares during the last quarter. Creative Planning increased its position in shares of KLA-Tencor Corporation by 29.4% in the first quarter. Creative Planning now owns 4,380 shares of the semiconductor company’s stock worth $416,000 after buying an additional 996 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new position in shares of KLA-Tencor Corporation during the first quarter worth about $209,000. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
KLA-Tencor Corporation Company Profile
KLA-Tencor Corporation (KLA-Tencor) 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.
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