KLA-Tencor (NASDAQ:KLAC) Rating Reiterated by Cowen

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KLA-Tencor (NASDAQ:KLAC)‘s stock had its “outperform” rating restated by stock analysts at Cowen in a report released on Wednesday, January 30th. They presently have a $120.00 price target on the semiconductor company’s stock. Cowen’s target price suggests a potential upside of 11.23% from the stock’s current price.

A number of other brokerages have also issued reports on KLAC. BidaskClub raised KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine raised KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Friday, January 18th. B. Riley lifted their price objective on KLA-Tencor from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, KeyCorp reduced their price objective on KLA-Tencor from $152.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 30th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $127.83.

NASDAQ:KLAC opened at $107.88 on Wednesday. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.59. KLA-Tencor has a 1 year low of $80.65 and a 1 year high of $123.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $1.97 EPS. As a group, sell-side analysts anticipate that KLA-Tencor will post 8.34 EPS for the current year.

In other KLA-Tencor news, insider Brian M. Trafas sold 1,114 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $107.00, for a total value of $119,198.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teri A. Little sold 2,525 shares of the company’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $95.00, for a total value of $239,875.00. Following the sale, the executive vice president now owns 7,127 shares of the company’s stock, valued at approximately $677,065. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in KLA-Tencor by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after purchasing an additional 103,504 shares during the period. Vanguard Group Inc boosted its stake in KLA-Tencor by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 17,515,587 shares of the semiconductor company’s stock valued at $1,781,510,000 after purchasing an additional 103,504 shares during the period. BlackRock Inc. raised its holdings in KLA-Tencor by 0.8% in the 3rd quarter. BlackRock Inc. now owns 11,443,896 shares of the semiconductor company’s stock valued at $1,163,958,000 after acquiring an additional 96,286 shares in the last quarter. American International Group Inc. raised its holdings in KLA-Tencor by 2,121.4% in the 4th quarter. American International Group Inc. now owns 4,417,470 shares of the semiconductor company’s stock valued at $395,319,000 after acquiring an additional 4,218,609 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in KLA-Tencor by 9,077.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,709,361 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 3,668,943 shares in the last quarter. Institutional investors own 94.43% of the company’s stock.

KLA-Tencor Company Profile

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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