KeyCorp Upgrades KLA-Tencor (NASDAQ:KLAC) to “Overweight”

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.

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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.

Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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