KLA-Tencor (NASDAQ:KLAC) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued on Monday, December 18th, Marketbeat Ratings reports. The brokerage presently has a $134.00 price target on the semiconductor company’s stock. KeyCorp’s price objective indicates a potential upside of 26.13% from the stock’s previous close. KeyCorp also issued estimates for KLA-Tencor’s Q1 2019 earnings at $1.80 EPS, Q2 2019 earnings at $1.95 EPS, Q3 2019 earnings at $2.01 EPS, Q4 2019 earnings at $2.03 EPS and FY2019 earnings at $7.79 EPS.
Several other brokerages also recently issued reports on KLAC. B. Riley reiterated a “buy” rating and set a $129.00 price objective (up from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor in a research report on Friday, October 27th. Citigroup upped their target price on KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor in a research report on Thursday, October 19th. Finally, Stifel Nicolaus upped their target price on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. KLA-Tencor has an average rating of “Hold” and an average price target of $110.95.
Shares of KLA-Tencor (NASDAQ KLAC) traded down $0.04 during trading on Monday, reaching $106.24. The company had a trading volume of 1,000,948 shares, compared to its average volume of 1,487,265. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. The company has a market capitalization of $16,620.00, a price-to-earnings ratio of 16.29 and a beta of 1.63. KLA-Tencor has a 1 year low of $79.20 and a 1 year high of $114.43.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The business’s revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. equities analysts anticipate that KLA-Tencor will post 7.31 EPS for the current year.
In other KLA-Tencor news, EVP Teri A. Little sold 1,678 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $109.44, for a total transaction of $183,640.32. Following the sale, the executive vice president now directly owns 8,452 shares of the company’s stock, valued at approximately $924,986.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $110.00, for a total transaction of $55,000.00. Following the sale, the director now directly owns 13,588 shares in the company, valued at $1,494,680. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,664 shares of company stock worth $3,191,064. Company insiders own 0.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Polianta Ltd purchased a new position in shares of KLA-Tencor during the 4th quarter valued at $1,197,000. Parametric Portfolio Associates LLC grew its holdings in shares of KLA-Tencor by 7.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 344,331 shares of the semiconductor company’s stock valued at $36,499,000 after acquiring an additional 22,561 shares in the last quarter. AXA grew its holdings in shares of KLA-Tencor by 3.0% during the 3rd quarter. AXA now owns 97,451 shares of the semiconductor company’s stock valued at $10,330,000 after acquiring an additional 2,879 shares in the last quarter. Delphi Management Inc. MA purchased a new position in shares of KLA-Tencor during the 3rd quarter valued at $355,000. Finally, Cypress Capital Group purchased a new position in shares of KLA-Tencor during the 3rd quarter valued at $336,000. Institutional investors and hedge funds own 90.60% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “KeyCorp Upgrades KLA-Tencor (NASDAQ:KLAC) to “Overweight”” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/11/kla-tencor-klac-stock-rating-upgraded-by-keycorp.html.
KLA-Tencor 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.
Receive News & Ratings for KLA-Tencor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor and related companies with MarketBeat.com's FREE daily email newsletter.