KLA-Tencor (KLAC) Rating Lowered to Hold at BidaskClub

KLA-Tencor (NASDAQ:KLAC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other equities research analysts also recently commented on KLAC. Needham & Company LLC downgraded shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 target price for the company. in a research report on Monday. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 target price for the company in a research report on Monday, October 16th. Stifel Nicolaus boosted their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Citigroup boosted their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, KeyCorp reissued a “hold” rating on shares of KLA-Tencor in a research report on Sunday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. KLA-Tencor has an average rating of “Hold” and an average price target of $110.95.

KLA-Tencor (NASDAQ:KLAC) traded down $0.04 on Thursday, reaching $106.24. 1,000,000 shares of the company’s stock traded hands, compared to its average volume of 1,530,000. KLA-Tencor has a 12-month low of $79.03 and a 12-month high of $114.43. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $16,670.00, a P/E ratio of 16.29 and a beta of 1.63.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.17. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. analysts forecast that KLA-Tencor will post 7.31 earnings per share for the current fiscal year.

In other KLA-Tencor news, EVP Teri A. Little sold 1,566 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $103.00, for a total value of $161,298.00. Following the completion of the sale, the executive vice president now directly owns 6,892 shares of the company’s stock, valued at approximately $709,876. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the completion of the sale, the director now directly owns 13,588 shares of the company’s stock, valued at $1,494,680. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock valued at $3,191,064 over the last ninety days. 0.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Navellier & Associates Inc grew its position in KLA-Tencor by 1.2% in the 2nd quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 30 shares in the last quarter. Nordea Investment Management AB grew its position in KLA-Tencor by 1.3% in the 2nd quarter. Nordea Investment Management AB now owns 6,586 shares of the semiconductor company’s stock worth $603,000 after purchasing an additional 85 shares in the last quarter. Intellectus Partners LLC grew its position in KLA-Tencor by 2.1% in the 2nd quarter. Intellectus Partners LLC now owns 5,103 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 103 shares in the last quarter. M&T Bank Corp grew its position in KLA-Tencor by 0.6% in the 2nd quarter. M&T Bank Corp now owns 17,633 shares of the semiconductor company’s stock worth $1,613,000 after purchasing an additional 110 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in KLA-Tencor by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 190 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

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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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