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KLA-Tencor Corp. (NASDAQ:KLAC) was downgraded by research analysts at RBC Capital from an “outperform” rating to a “sector perform” rating in a report released on Monday, reports. They currently have a $65.00 price objective on the stock, down from their previous price objective of $68.00. RBC Capital’s price target would suggest a potential upside of 8.82% from the stock’s previous close.

KLAC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of KLA-Tencor Corp. in a research note to investors on Friday, January 24th. They now have a $67.00 price target 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, January 24th. 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. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. KLA-Tencor Corp. has an average rating of “Buy” and a consensus target price of $65.50.

In other KLA-Tencor Corp. news, Director Kevin Kennedy unloaded 2,500 shares of KLA-Tencor Corp. stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $61.73, for a total value of $154,325.00. Following the completion of the transaction, the director now directly owns 1,856 shares in the company, valued at approximately $114,571. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded down 2.83% during mid-day trading on Monday, hitting $59.73. 2,006,484 shares of the company’s stock traded hands. KLA-Tencor Corp. has a 52-week low of $50.23 and a 52-week high of $67.05. The stock’s 50-day moving average is $62.76 and its 200-day moving average is $61.37. The company has a market cap of $9.950 billion and a P/E ratio of 18.79.

KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. 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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