Share on StockTwits
 

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, TheFlyOnTheWall.com 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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.