BidaskClub downgraded shares of KLA-Tencor Corporation (NASDAQ:KLAC) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other analysts have also recently weighed in on KLAC. UBS AG reaffirmed a neutral rating and issued a $110.00 price objective on shares of KLA-Tencor Corporation in a report on Tuesday, June 13th. B. Riley reiterated a buy rating and issued a $115.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, May 3rd. Cowen and Company reiterated a buy rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. Stifel Nicolaus reiterated a hold rating and issued a $102.00 target price (up previously from $92.00) on shares of KLA-Tencor Corporation in a research report on Monday, June 19th. Finally, Deutsche Bank AG reiterated a hold rating and issued a $100.00 target price (up previously from $85.00) on shares of KLA-Tencor Corporation in a research report on Saturday, April 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $95.24.

Shares of KLA-Tencor Corporation (KLAC) traded down 5.53% during midday trading on Tuesday, hitting $94.40. 1,864,670 shares of the stock were exchanged. KLA-Tencor Corporation has a 12-month low of $66.88 and a 12-month high of $109.59. The firm has a market cap of $14.79 billion, a P/E ratio of 16.05 and a beta of 1.63. The firm has a 50 day moving average of $97.53 and a 200 day moving average of $95.03.

KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 96.92%. The business had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same quarter last year, the company earned $1.77 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that KLA-Tencor Corporation will post $6.68 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/kla-tencor-corporation-nasdaqklac-downgraded-to-hold-at-bidaskclub/1461841.html.

In other KLA-Tencor Corporation news, Director Kevin Kennedy sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $91.33, for a total value of $228,325.00. Following the completion of the transaction, the director now directly owns 6,219 shares in the company, valued at $567,981.27. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Brian Lorig sold 1,663 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $99.81, for a total transaction of $165,984.03. Following the completion of the transaction, the senior vice president now owns 1,346 shares of the company’s stock, valued at $134,344.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,932 shares of company stock valued at $1,267,268. Corporate insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in KLAC. Grove Bank & Trust boosted its position in shares of KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 290 shares during the last quarter. Cohen Capital Management Inc. purchased a new position in shares of KLA-Tencor Corporation during the first quarter valued at approximately $119,000. Ledyard National Bank purchased a new position in shares of KLA-Tencor Corporation during the first quarter valued at approximately $135,000. Trust Co. of Vermont boosted its position in shares of KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock valued at $138,000 after buying an additional 45 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of KLA-Tencor Corporation by 82.4% in the first quarter. IFP Advisors Inc now owns 2,054 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 928 shares during the last quarter. Institutional investors own 91.78% of the company’s stock.

About KLA-Tencor Corporation

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.

Analyst Recommendations for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.