KLA-Tencor (KLAC) Downgraded by BidaskClub

BidaskClub cut shares of KLA-Tencor (NASDAQ:KLAC) from a sell rating to a strong sell rating in a report published on Tuesday morning.

KLAC has been the subject of several other research reports. Evercore ISI raised KLA-Tencor from an in-line rating to an outperform rating and raised their price target for the company from $130.00 to $140.00 in a report on Tuesday, September 4th. Citigroup cut their price target on KLA-Tencor from $128.00 to $121.00 and set a buy rating for the company in a report on Tuesday, September 25th. ValuEngine downgraded KLA-Tencor from a hold rating to a sell rating in a report on Wednesday, September 12th. Zacks Investment Research downgraded KLA-Tencor from a hold rating to a sell rating in a report on Tuesday, October 16th. Finally, B. Riley cut their price target on KLA-Tencor from $152.00 to $145.00 and set a buy rating for the company in a report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $136.14.

Shares of KLA-Tencor stock opened at $87.21 on Tuesday. KLA-Tencor has a 1 year low of $85.89 and a 1 year high of $123.96. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.30 and a beta of 1.57. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.73 and a quick ratio of 2.97.



KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.08. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $1.64 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts forecast that KLA-Tencor will post 9.06 EPS for the current fiscal year.

In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 1,537 shares of KLA-Tencor stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $118.87, for a total value of $182,703.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bren D. Higgins sold 1,418 shares of KLA-Tencor stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $106.64, for a total value of $151,215.52. Following the completion of the transaction, the chief financial officer now owns 1,669 shares in the company, valued at approximately $177,982.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,880 shares of company stock valued at $6,075,839. 0.19% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Stephens Inc. AR grew its holdings in shares of KLA-Tencor by 45.6% during the second quarter. Stephens Inc. AR now owns 14,585 shares of the semiconductor company’s stock worth $1,495,000 after purchasing an additional 4,565 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in KLA-Tencor in the second quarter valued at approximately $10,204,000. Meadow Creek Investment Management LLC boosted its holdings in KLA-Tencor by 195.5% in the second quarter. Meadow Creek Investment Management LLC now owns 38,768 shares of the semiconductor company’s stock valued at $3,975,000 after acquiring an additional 25,648 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in KLA-Tencor by 40.1% in the second quarter. Public Employees Retirement System of Ohio now owns 92,844 shares of the semiconductor company’s stock valued at $9,519,000 after acquiring an additional 26,570 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in KLA-Tencor in the second quarter valued at approximately $504,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

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