KLA-Tencor (KLAC) Rating Increased to Neutral at UBS Group

KLA-Tencor (NASDAQ:KLAC) was upgraded by equities researchers at UBS Group to a “neutral” rating in a research note issued to investors on Thursday.

A number of other research firms have also commented on KLAC. Stifel Nicolaus boosted their price target on shares of KLA-Tencor from $121.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. BidaskClub raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. B. Riley reaffirmed a “buy” rating and issued a $142.00 target price (up from $129.00) on shares of KLA-Tencor in a research note on Monday, January 22nd. KeyCorp boosted their target price on shares of KLA-Tencor from $134.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, Needham & Company LLC boosted their target price on shares of KLA-Tencor from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. KLA-Tencor presently has an average rating of “Buy” and an average target price of $120.57.

KLA-Tencor (KLAC) opened at $110.47 on Thursday. The company has a market cap of $17,057.50, a PE ratio of 26.62 and a beta of 1.53. KLA-Tencor has a 12-month low of $87.93 and a 12-month high of $121.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.24. The firm had revenue of $975.82 million for the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. equities research analysts predict that KLA-Tencor will post 7.71 EPS for the current year.

In related news, EVP Ahmad A. Khan sold 2,975 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $99.71, for a total transaction of $296,637.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard P. Wallace sold 13,299 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the sale, the insider now directly owns 43,442 shares of the company’s stock, valued at $4,782,964.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,091 shares of company stock valued at $2,533,647. Insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaMark Advisors LLC raised its stake in shares of KLA-Tencor by 1.6% during the third quarter. AlphaMark Advisors LLC now owns 31,061 shares of the semiconductor company’s stock worth $3,292,000 after buying an additional 488 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of KLA-Tencor by 1.4% during the third quarter. Xact Kapitalforvaltning AB now owns 35,140 shares of the semiconductor company’s stock worth $3,725,000 after buying an additional 492 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of KLA-Tencor by 8.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,459 shares of the semiconductor company’s stock worth $685,000 after buying an additional 493 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of KLA-Tencor by 3.4% during the fourth quarter. New Mexico Educational Retirement Board now owns 15,080 shares of the semiconductor company’s stock worth $1,584,000 after buying an additional 500 shares during the last quarter. Finally, Vestor Capital LLC raised its stake in shares of KLA-Tencor by 2.4% during the third quarter. Vestor Capital LLC now owns 23,123 shares of the semiconductor company’s stock worth $2,451,000 after buying an additional 550 shares during the last quarter. 90.65% of the stock is owned by institutional investors and hedge funds.

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About KLA-Tencor

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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