B. Riley Reaffirms Buy Rating for KLA-Tencor (KLAC)

KLA-Tencor (NASDAQ:KLAC)‘s stock had its “buy” rating restated by research analysts at B. Riley in a research report issued on Monday. They currently have a $129.00 target price on the semiconductor company’s stock. B. Riley’s target price would indicate a potential upside of 12.58% from the company’s current price.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Wednesday, December 27th. KeyCorp raised shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Monday, December 18th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor in a report on Thursday, October 19th. Argus assumed coverage on shares of KLA-Tencor in a report on Wednesday, November 29th. They set a “buy” rating and a $125.00 price target on the stock. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $136.00 price target on shares of KLA-Tencor in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. KLA-Tencor presently has an average rating of “Buy” and an average target price of $110.95.

KLA-Tencor (NASDAQ:KLAC) traded down $0.43 during mid-day trading on Monday, reaching $114.59. 1,097,227 shares of the company traded hands, compared to its average volume of 1,320,000. KLA-Tencor has a fifty-two week low of $80.68 and a fifty-two week high of $115.88. The firm has a market capitalization of $17,980.00, a price-to-earnings ratio of 17.58 and a beta of 1.63. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72.

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

In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $101.52, for a total value of $60,912.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Teri A. Little sold 3,120 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $105.77, for a total transaction of $330,002.40. The disclosure for this sale can be found here. Insiders have sold 33,039 shares of company stock worth $3,464,189 in the last 90 days. 0.20% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in KLAC. Thrivent Financial For Lutherans increased its stake in KLA-Tencor by 3.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 190 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of KLA-Tencor by 57.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 28,845 shares of the semiconductor company’s stock worth $2,640,000 after purchasing an additional 10,537 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of KLA-Tencor by 17.6% during the 2nd quarter. GSA Capital Partners LLP now owns 10,102 shares of the semiconductor company’s stock worth $924,000 after purchasing an additional 1,509 shares during the last quarter. Northern Trust Corp increased its stake in shares of KLA-Tencor by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock worth $181,960,000 after purchasing an additional 6,922 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of KLA-Tencor by 1.3% during the 2nd quarter. California Public Employees Retirement System now owns 411,138 shares of the semiconductor company’s stock worth $37,623,000 after purchasing an additional 5,400 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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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.

Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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