KLA-Tencor Corp.’s (KLAC) “Hold” Rating Reaffirmed at Needham & Company LLC
KLA-Tencor Corp. (NASDAQ:KLAC)‘s stock had its “hold” rating reissued by research analysts at Needham & Company LLC in a research note issued on Saturday.
KLAC has been the topic of several other reports. Credit Suisse Group AG reissued a “focus list” rating and set a $85.00 price target on shares of KLA-Tencor Corp. in a research report on Monday, October 3rd. Cowen and Company upgraded KLA-Tencor Corp. from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $79.00 to $80.00 in a research note on Monday, August 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded KLA-Tencor Corp. from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Wednesday, September 28th. Citigroup Inc. upped their price objective on KLA-Tencor Corp. from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Finally, Deutsche Bank AG upped their price objective on KLA-Tencor Corp. from $72.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. KLA-Tencor Corp. presently has a consensus rating of “Buy” and an average target price of $76.21.
KLA-Tencor Corp. (NASDAQ:KLAC) opened at 72.67 on Friday. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 16.18 and a beta of 1.75. KLA-Tencor Corp. has a 52-week low of $51.16 and a 52-week high of $77.85. The company has a 50-day moving average of $69.72 and a 200-day moving average of $71.81.
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KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.35. The business had revenue of $919.17 million for the quarter, compared to analyst estimates of $842.10 million. KLA-Tencor Corp. had a return on equity of 159.94% and a net margin of 23.60%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. Equities research analysts expect that KLA-Tencor Corp. will post $4.92 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First New York Securities LLC NY boosted its position in shares of KLA-Tencor Corp. by 51.2% in the second quarter. First New York Securities LLC NY now owns 1,400 shares of the company’s stock valued at $103,000 after buying an additional 474 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of KLA-Tencor Corp. by 104.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,981 shares of the company’s stock valued at $145,000 after buying an additional 1,010 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of KLA-Tencor Corp. by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 2,829 shares of the company’s stock valued at $208,000 after buying an additional 22 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of KLA-Tencor Corp. by 27.2% in the second quarter. Pacer Advisors Inc. now owns 2,843 shares of the company’s stock valued at $208,000 after buying an additional 608 shares in the last quarter. Finally, Navellier & Associates Inc purchased a new position in shares of KLA-Tencor Corp. during the second quarter valued at $211,000. 85.80% of the stock is owned by institutional investors and hedge funds.
KLA-Tencor Corp. Company Profile
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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