KLA-Tencor (KLAC) Upgraded by ValuEngine to “Sell”

KLA-Tencor (NASDAQ:KLAC) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday.

A number of other equities analysts also recently issued reports on KLAC. Citigroup decreased their price objective on KLA-Tencor from $127.00 to $123.00 and set a “buy” rating for the company in a report on Friday, July 13th. Evercore ISI decreased their price objective on KLA-Tencor to $120.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Zacks Investment Research downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Cowen increased their price objective on KLA-Tencor from $140.00 to $148.00 and gave the stock an “outperform” rating in a report on Tuesday, July 31st. Finally, Stifel Nicolaus raised their price target on KLA-Tencor from $143.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $129.54.

KLAC opened at $94.92 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 3.62 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 2.36 and a beta of 1.57. KLA-Tencor has a 12-month low of $84.59 and a 12-month high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. KLA-Tencor had a return on equity of 93.99% and a net margin of 22.05%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 earnings per share. On average, equities analysts predict that KLA-Tencor will post 9.2 earnings per share for the current year.

In other news, insider Brian M. Trafas sold 649 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $116.42, for a total transaction of $75,556.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard P. Wallace sold 14,207 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $118.49, for a total value of $1,683,387.43. The disclosure for this sale can be found here. Insiders have sold 51,880 shares of company stock valued at $6,075,839 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Large investors have recently modified their holdings of the company. Donaldson Capital Management LLC increased its holdings in KLA-Tencor by 2.7% in the 2nd quarter. Donaldson Capital Management LLC now owns 18,524 shares of the semiconductor company’s stock worth $1,899,000 after buying an additional 481 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in KLA-Tencor by 7.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,430 shares of the semiconductor company’s stock worth $762,000 after buying an additional 501 shares in the last quarter. First Mercantile Trust Co. increased its holdings in KLA-Tencor by 41.1% in the 2nd quarter. First Mercantile Trust Co. now owns 1,833 shares of the semiconductor company’s stock worth $188,000 after buying an additional 534 shares in the last quarter. Private Advisor Group LLC increased its holdings in KLA-Tencor by 16.4% in the 3rd quarter. Private Advisor Group LLC now owns 4,078 shares of the semiconductor company’s stock worth $415,000 after buying an additional 576 shares in the last quarter. Finally, Boltwood Capital Management increased its holdings in KLA-Tencor by 6.0% in the 3rd quarter. Boltwood Capital Management now owns 10,375 shares of the semiconductor company’s stock worth $1,055,000 after buying an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 91.96% of the company’s stock.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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