KLA-Tencor (KLAC) Given a $120.00 Price Target at Cowen

Cowen set a $120.00 target price on KLA-Tencor (NASDAQ:KLAC) in a report published on Tuesday morning, Marketbeat reports. The firm currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts have also recently commented on KLAC. BidaskClub cut KLA-Tencor from a sell rating to a strong sell rating in a research report on Tuesday, October 23rd. B. Riley dropped their price objective on KLA-Tencor from $152.00 to $145.00 and set a buy rating on the stock in a research report on Tuesday, July 31st. Evercore ISI dropped their price objective on KLA-Tencor to $120.00 and set an outperform rating on the stock in a research report on Tuesday, July 17th. Zacks Investment Research cut KLA-Tencor from a hold rating to a sell rating in a research report on Tuesday, October 16th. Finally, Citigroup dropped their price objective on KLA-Tencor from $127.00 to $123.00 and set a buy rating on the stock in a research report on Friday, July 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. KLA-Tencor has an average rating of Hold and an average price target of $129.54.

Shares of NASDAQ:KLAC traded down $1.00 on Tuesday, hitting $90.60. 34,536 shares of the company traded hands, compared to its average volume of 1,895,286. KLA-Tencor has a 52 week low of $84.59 and a 52 week high of $123.96. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.73 and a quick ratio of 2.97. The company has a market capitalization of $13.50 billion, a PE ratio of 11.33, a PEG ratio of 2.20 and a beta of 1.57.



KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. KLA-Tencor had a return on equity of 96.69% and a net margin of 22.05%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm posted $1.80 earnings per share. KLA-Tencor’s revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that KLA-Tencor will post 9.06 earnings per share for the current fiscal year.

In other KLA-Tencor news, CFO Bren D. Higgins sold 1,418 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $106.64, for a total value of $151,215.52. Following the transaction, the chief financial officer now directly owns 1,669 shares of the company’s stock, valued at $177,982.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard P. Wallace sold 14,207 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $118.49, for a total value of $1,683,387.43. The disclosure for this sale can be found here. Insiders sold 51,880 shares of company stock worth $6,075,839 over the last three months. Insiders own 0.19% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in KLA-Tencor by 1.1% in the second quarter. BlackRock Inc. now owns 11,347,610 shares of the semiconductor company’s stock worth $1,163,470,000 after purchasing an additional 118,632 shares during the last quarter. Boston Partners boosted its position in KLA-Tencor by 1.4% in the second quarter. Boston Partners now owns 2,092,922 shares of the semiconductor company’s stock worth $214,588,000 after purchasing an additional 29,020 shares during the last quarter. Bank of America Corp DE boosted its position in KLA-Tencor by 21.1% in the second quarter. Bank of America Corp DE now owns 1,184,086 shares of the semiconductor company’s stock worth $121,405,000 after purchasing an additional 206,616 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in KLA-Tencor by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,007,292 shares of the semiconductor company’s stock worth $103,278,000 after purchasing an additional 27,073 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in KLA-Tencor by 63.0% in the second quarter. Schroder Investment Management Group now owns 1,005,470 shares of the semiconductor company’s stock worth $102,367,000 after purchasing an additional 388,591 shares during the last quarter. 91.96% of the stock is currently owned by institutional investors and hedge funds.

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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