KLA-Tencor Corporation (NASDAQ:KLAC) had its price target boosted by research analysts at Citigroup Inc. from $106.00 to $110.00 in a report released on Monday. The firm currently has a “neutral” rating on the semiconductor company’s stock. Citigroup Inc.’s price target would suggest a potential upside of 2.49% from the stock’s current price.

A number of other brokerages also recently commented on KLAC. J P Morgan Chase & Co restated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor Corporation in a research note on Friday. B. Riley reissued a “buy” rating and issued a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor Corporation in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Thursday, October 19th. Stifel Nicolaus upped their price objective on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, KeyCorp restated a “hold” rating on shares of KLA-Tencor Corporation in a report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $107.51.

KLA-Tencor Corporation (NASDAQ KLAC) traded down 0.67% during mid-day trading on Monday, hitting $107.35. 1,900,976 shares of the company were exchanged. The firm has a 50 day moving average price of $103.20 and a 200 day moving average price of $98.89. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 18.26 and a beta of 1.68. KLA-Tencor Corporation has a 12 month low of $73.30 and a 12 month high of $109.78.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period in the prior year, the company posted $1.16 EPS. KLA-Tencor Corporation’s quarterly revenue was up 29.2% on a year-over-year basis. Analysts anticipate that KLA-Tencor Corporation will post $7.12 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “KLA-Tencor Corporation (KLAC) Price Target Raised to $110.00 at Citigroup Inc.” was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international trademark and copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/30/kla-tencor-corporation-klac-price-target-raised-to-110-00-at-citigroup-inc.html.

In related news, CFO Bren D. Higgins sold 314 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total transaction of $29,154.90. Following the completion of the transaction, the chief financial officer now owns 314 shares in the company, valued at approximately $29,154.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bobby R. Bell sold 4,236 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $105.51, for a total value of $446,940.36. Following the transaction, the insider now owns 8,908 shares of the company’s stock, valued at approximately $939,883.08. The disclosure for this sale can be found here. Insiders have sold a total of 84,512 shares of company stock valued at $7,726,826 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of KLAC. Sun Life Financial INC lifted its position in shares of KLA-Tencor Corporation by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,144 shares during the period. Grove Bank & Trust lifted its position in shares of KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after buying an additional 290 shares during the period. Bristlecone Advisors LLC bought a new position in shares of KLA-Tencor Corporation during the 3rd quarter worth approximately $148,000. Checchi Capital Advisers LLC lifted its position in shares of KLA-Tencor Corporation by 2.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after buying an additional 44 shares during the period. Finally, IBM Retirement Fund lifted its position in shares of KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after buying an additional 584 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

KLA-Tencor Corporation Company Profile

KLA-Tencor Corporation (KLA-Tencor) 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 a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

Analyst Recommendations for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.