KLA-Tencor (NASDAQ:KLAC) was downgraded by analysts at Needham & Company LLC from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

A number of other research firms have also recently weighed in on KLAC. Stifel Nicolaus boosted their price target on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. B. Riley reissued a “buy” rating and issued a $129.00 price target (up from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. Argus initiated coverage on KLA-Tencor in a report on Wednesday, November 29th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Citigroup boosted their price target on KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. KLA-Tencor presently has an average rating of “Hold” and a consensus target price of $110.32.

KLA-Tencor (NASDAQ:KLAC) opened at $109.86 on Monday. KLA-Tencor has a 1-year low of $77.92 and a 1-year high of $114.43. The firm has a market capitalization of $17,215.93, a price-to-earnings ratio of 16.82 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. equities research analysts anticipate that KLA-Tencor will post 7.31 EPS for the current year.

In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the completion of the sale, the director now owns 13,588 shares of the company’s stock, valued at $1,494,680. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teri A. Little sold 1,566 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $103.00, for a total value of $161,298.00. Following the sale, the executive vice president now directly owns 6,892 shares of the company’s stock, valued at approximately $709,876. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,664 shares of company stock valued at $3,191,064. Company insiders own 0.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of KLAC. J. Goldman & Company purchased a new stake in KLA-Tencor during the third quarter valued at about $6,305,000. Nisa Investment Advisors grew its position in KLA-Tencor by 5.7% during the fourth quarter. Nisa Investment Advisors now owns 31,464 shares of the semiconductor company’s stock valued at $2,182,000 after acquiring an additional 1,700 shares during the period. DekaBank Deutsche Girozentrale grew its position in KLA-Tencor by 288.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 75,208 shares of the semiconductor company’s stock valued at $5,253,000 after acquiring an additional 55,826 shares during the period. TIAA CREF Trust Co. FSB MO grew its position in KLA-Tencor by 19.7% during the fourth quarter. TIAA CREF Trust Co. FSB MO now owns 17,118 shares of the semiconductor company’s stock valued at $1,187,000 after acquiring an additional 2,818 shares during the period. Finally, Havens Advisors LLC purchased a new stake in KLA-Tencor during the fourth quarter valued at about $3,606,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

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About KLA-Tencor

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.

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