KLA-Tencor (KLAC) Stock Rating Upgraded by KeyCorp

KLA-Tencor (NASDAQ:KLAC) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has a $134.00 price objective on the semiconductor company’s stock. KeyCorp’s target price indicates a potential upside of 20.48% from the stock’s previous close.

Several other research firms have also recently commented on KLAC. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor in a report on Thursday, October 19th. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor in a report on Thursday, August 31st. Stifel Nicolaus boosted their target price 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 reiterated a “buy” rating and set a $129.00 target price (up previously from $120.00) on shares of KLA-Tencor in a report on Friday, October 27th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.26.

KLA-Tencor (KLAC) traded up $5.59 on Monday, reaching $111.22. The company’s stock had a trading volume of 1,753,032 shares, compared to its average volume of 1,271,804. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. The stock has a market cap of $17,450.00, a PE ratio of 16.05, a price-to-earnings-growth ratio of 0.68 and a beta of 1.63. KLA-Tencor has a 52 week low of $77.86 and a 52 week high of $112.22.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly 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. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The firm’s revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. equities research analysts predict that KLA-Tencor will post 7.31 EPS 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 stock was sold at an average price of $101.52, for a total value of $60,912.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bobby R. Bell sold 4,236 shares of the company’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 completion of 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 34,400 shares of company stock valued at $3,585,084 in the last quarter. Company insiders own 0.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Adviser Investments LLC boosted its holdings in KLA-Tencor by 39.8% in the 3rd quarter. Adviser Investments LLC now owns 38,524 shares of the semiconductor company’s stock worth $4,084,000 after acquiring an additional 10,965 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in KLA-Tencor by 1.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 322,270 shares of the semiconductor company’s stock worth $29,491,000 after acquiring an additional 4,477 shares during the period. Utah Retirement Systems boosted its holdings in KLA-Tencor by 0.4% in the 2nd quarter. Utah Retirement Systems now owns 28,630 shares of the semiconductor company’s stock worth $2,620,000 after acquiring an additional 100 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in KLA-Tencor by 4,857.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,470 shares of the semiconductor company’s stock worth $367,000 after acquiring an additional 3,400 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in KLA-Tencor by 120.8% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 40,400 shares of the semiconductor company’s stock worth $3,697,000 after acquiring an additional 22,100 shares during the period. Hedge funds and other institutional investors own 90.88% 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.