KLA-Tencor Corp. Given New $68.00 Price Target at Northland Capital Partners (KLAC)
Analysts at Northland Capital Partners boosted their target price on shares of KLA-Tencor Corp. (NASDAQ:KLAC) from $64.00 to $68.00 in a research report issued to clients and investors on Friday, AR Network reports. The firm currently has a “market perform” rating on the stock. Northland Capital Partners’ price target would suggest a potential upside of 6.45% from the stock’s previous close.
In other KLA-Tencor Corp. news, EVP Michael Kirk sold 4,000 shares of KLA-Tencor Corp. stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $64.89, for a total transaction of $259,560.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on KLAC. Analysts at Needham & Company raised their price target on shares of KLA-Tencor Corp. from $65.00 to $72.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of KLA-Tencor Corp. from $59.00 to $62.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of KLA-Tencor Corp. in a research note to investors on Monday, October 14th. They set an “overweight” rating and a $76.00 price target on the stock. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.13.
KLA-Tencor Corp. (NASDAQ:KLAC) opened at 63.88 on Friday. KLA-Tencor Corp. has a 1-year low of $43.21 and a 1-year high of $60.94. The stock’s 50-day moving average is $57.80 and its 200-day moving average is $55.72. The company has a market cap of $10.587 billion and a price-to-earnings ratio of 19.85.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $658.30 million for the quarter, compared to the consensus estimate of $657.50 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts predict that KLA-Tencor Corp. will post $3.91 earnings per share for the current fiscal year.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
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