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KLA-Tencor (NASDAQ:KLAC) was upgraded by B. Riley from a “neutral” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $82.00 price objective on the stock, up from their previous price objective of $70.00. B. Riley’s price objective points to a potential upside of 15.54% from the company’s current price. The analysts noted that the move was a valuation call.

KLA-Tencor (NASDAQ:KLAC) opened at 70.97 on Monday. KLA-Tencor has a 52-week low of $54.29 and a 52-week high of $71.93. The stock’s 50-day moving average is $66.48 and its 200-day moving average is $65.20. The company has a market cap of $11.769 billion and a price-to-earnings ratio of 19.99.

KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Thursday, April 24th. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.12 by $0.11. The company had revenue of $832.00 million for the quarter, compared to the consensus estimate of $822.64 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts expect that KLA-Tencor will post $3.62 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Needham & Company LLC raised their price target on shares of KLA-Tencor from $70.00 to $80.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of KLA-Tencor in a research note on Wednesday, June 25th. They now have a $82.00 price target on the stock, up previously from $75.00. Finally, analysts at Zacks downgraded shares of KLA-Tencor from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 18th. They now have a $63.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. KLA-Tencor presently has an average rating of “Hold” and a consensus target price of $70.62.

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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