Investment Analysts’ Recent Ratings Changes for KLA-Tencor (KLAC)

A number of research firms have changed their ratings and price targets for KLA-Tencor (NASDAQ: KLAC):

  • 2/2/2018 – KLA-Tencor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/30/2018 – KLA-Tencor had its price target raised by analysts at Citigroup Inc from $110.00 to $112.00. They now have a “neutral” rating on the stock.
  • 1/30/2018 – KLA-Tencor was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/29/2018 – KLA-Tencor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “KLA offers a complete yield management solutions which includes hardware, software and services. The company delivered strong second-quarter results driven by strong demand environment, customer acceptance of key products, growth in China and operational efficiencies. The addittion of new capacity by Wafer manufacturers and adoption of more complex architectures by IC customers are driving demand for the company’s new bare wafer products. KLA’s cost reduction initiatives and strong balance sheet are positives amid cyclical pressures. Though the stiff competition and concentrated customer base increases execution risk, the rising process control spending across foundry, memory and logic players through 2018 and beyond will enable KLA to deliver stronger results. However, the stock has underperformed the industry it belongs to on a year-to-date basis.”
  • 1/29/2018 – KLA-Tencor had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $134.00 price target on the stock, up previously from $124.00.
  • 1/26/2018 – KLA-Tencor had its price target raised by analysts at KeyCorp from $134.00 to $151.00. They now have an “overweight” rating on the stock.
  • 1/26/2018 – KLA-Tencor had its price target raised by analysts at Needham & Company LLC from $130.00 to $135.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – KLA-Tencor had its price target raised by analysts at Stifel Nicolaus from $121.00 to $139.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – KLA-Tencor was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/22/2018 – KLA-Tencor had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $142.00 price target on the stock, up previously from $129.00.
  • 1/11/2018 – KLA-Tencor was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/8/2018 – KLA-Tencor was downgraded by analysts at Needham & Company LLC from a “strong-buy” rating to a “buy” rating. They now have a $130.00 price target on the stock.
  • 12/27/2017 – KLA-Tencor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $122.00 price target on the stock. According to Zacks, “KLA offers a complete yield management solutions which includes hardware, software and services. The addittion of new capacity by Wafer manufacturers and adoption of more complex architectures by IC customers are driving demand for the company’s new bare wafer products. KLA’s cost reduction initiatives and strong balance sheet are positives amid cyclical pressures. Though the stiff competition and concentrated customer base increases execution risk, the rising process control spending across foundry, memory and logic players through 2017 and beyond will enable KLA to deliver stronger results. However, the stock has underperformed the industry it belongs to on a year-to-date basis.”
  • 12/18/2017 – KLA-Tencor was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $134.00 price target on the stock.

KLA-Tencor Corp (NASDAQ:KLAC) opened at $101.55 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73. KLA-Tencor Corp has a one year low of $86.36 and a one year high of $121.65. The company has a market capitalization of $15,802.97, a P/E ratio of 24.47 and a beta of 1.53.

KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.24. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The company had revenue of $975.82 million during the quarter, compared to the consensus estimate of $968.00 million. During the same period in the previous year, the company posted $1.52 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. research analysts anticipate that KLA-Tencor Corp will post 7.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.59 per share. The ex-dividend date is Wednesday, February 14th. This represents a $2.36 annualized dividend and a dividend yield of 2.32%. KLA-Tencor’s dividend payout ratio is currently 56.87%.

In related news, Director Emiko Higashi sold 500 shares of KLA-Tencor stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $101.26, for a total transaction of $50,630.00. Following the completion of the sale, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Edward W. Barnholt sold 10,914 shares of KLA-Tencor stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $104.90, for a total value of $1,144,878.60. The disclosure for this sale can be found here. Insiders have sold a total of 33,432 shares of company stock valued at $3,631,602 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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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