KLA-Tencor Corp. Given “Neutral” Rating at Zacks (KLAC)
KLA-Tencor Corp. (NASDAQ:KLAC)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Friday, AnalystRatingsNetwork.com reports. They currently have a $67.00 price target on the stock. Zacks‘ price objective points to a potential upside of 5.46% from the company’s current price.
Zacks‘ analyst wrote, “KLA is one of the leading suppliers of inspection and metrology products and services. The company’s fiscal second quarter results exceeded the Zacks Consensus by 6 cents. However, forward guidance also indicates stronger growth in 2014, especially from the NAND segment. KLA’s comprehensive product line, cost reduction initiatives and strong balance sheet remain positives that will generate growth whenever cyclical pressures permit. Of course, the rising competition and concentrated customer base increase execution risk. Since we think that the broader market concerns are largely priced in, we are reiterating our Neutral rating on KLAC shares.”
KLAC has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of KLA-Tencor Corp. from $65.00 to $68.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of KLA-Tencor Corp. from $62.00 to $67.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Finally, analysts at Jefferson Research upgraded shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $65.71.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded down 1.81% on Friday, hitting $62.38. The stock had a trading volume of 1,378,875 shares. KLA-Tencor Corp. has a 1-year low of $50.23 and a 1-year high of $67.05. The stock’s 50-day moving average is $62.88 and its 200-day moving average is $61.23. The company has a market cap of $10.396 billion and a price-to-earnings ratio of 20.69.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $705.06 million. During the same quarter last year, the company posted $0.63 earnings per share. KLA-Tencor Corp.’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that KLA-Tencor Corp. will post $3.80 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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