KLA-Tencor (NASDAQ:KLAC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts have also commented on the company. Needham & Company LLC lowered KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price objective on the stock. in a research note on Monday, January 8th. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Wednesday, December 27th. KeyCorp raised KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research note on Monday, December 18th. Argus began coverage on KLA-Tencor in a research note on Wednesday, November 29th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Citigroup boosted their price objective on KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $110.95.

KLA-Tencor (KLAC) traded up $1.05 during trading on Thursday, reaching $107.29. The company’s stock had a trading volume of 990,645 shares, compared to its average volume of 1,213,398. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $16,813.20, a price-to-earnings ratio of 16.43 and a beta of 1.63. KLA-Tencor has a one year low of $79.20 and a one year high of $114.43.

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

In other news, Chairman Edward W. Barnholt sold 10,914 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $104.90, for a total transaction of $1,144,878.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $105.84, for a total value of $52,920.00. Following the sale, the director now owns 15,131 shares of the company’s stock, valued at approximately $1,601,465.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,664 shares of company stock valued at $3,191,064. 0.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in KLAC. KCS Wealth Advisory bought a new stake in KLA-Tencor in the fourth quarter valued at about $441,000. Nisa Investment Advisors LLC increased its holdings in KLA-Tencor by 20.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,469 shares of the semiconductor company’s stock valued at $3,937,000 after purchasing an additional 6,450 shares during the last quarter. KAMES CAPITAL plc increased its holdings in KLA-Tencor by 117.8% in the fourth quarter. KAMES CAPITAL plc now owns 16,166 shares of the semiconductor company’s stock valued at $1,699,000 after purchasing an additional 8,744 shares during the last quarter. Polianta Ltd bought a new stake in KLA-Tencor in the fourth quarter valued at about $1,197,000. Finally, Parametric Portfolio Associates LLC increased its holdings in KLA-Tencor by 7.0% in the third quarter. Parametric Portfolio Associates LLC now owns 344,331 shares of the semiconductor company’s stock valued at $36,499,000 after purchasing an additional 22,561 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

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KLA-Tencor 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 (NASDAQ:KLAC)

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