KLA-Tencor (KLAC) Stock Rating Upgraded by KeyCorp

KLA-Tencor (NASDAQ:KLAC) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Monday. The firm presently has a $134.00 target price on the semiconductor company’s stock. KeyCorp’s price target indicates a potential upside of 20.05% from the stock’s current price. KeyCorp also issued estimates for KLA-Tencor’s Q1 2019 earnings at $1.80 EPS, Q2 2019 earnings at $1.95 EPS, Q3 2019 earnings at $2.01 EPS, Q4 2019 earnings at $2.03 EPS and FY2019 earnings at $7.79 EPS.

A number of other analysts have also weighed in on the stock. Credit Suisse Group restated an “outperform” rating on shares of KLA-Tencor in a research note on Thursday, August 31st. Goldman Sachs Group lowered shares of KLA-Tencor from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $108.00 to $97.00 in a research note on Wednesday, September 13th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of KLA-Tencor in a research note on Friday, September 1st. B. Riley restated a “buy” rating and set a $129.00 price objective (up from $120.00) on shares of KLA-Tencor in a research note on Friday, October 27th. Finally, J P Morgan Chase & Co restated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $110.26.

Shares of KLA-Tencor (NASDAQ:KLAC) opened at $111.62 on Monday. The firm has a market cap of $16,553.05, a PE ratio of 16.05 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. KLA-Tencor has a 12 month low of $77.86 and a 12 month high of $112.22.

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

In related news, EVP Teri A. Little sold 3,120 shares of the firm’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 value of $330,002.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Virendra A. Kirloskar sold 600 shares of the firm’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 transaction of $60,912.00. The disclosure for this sale can be found here. In the last three months, insiders sold 34,400 shares of company stock worth $3,585,084. 0.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after buying an additional 750 shares during the last quarter. Sun Life Financial INC boosted its holdings in shares of KLA-Tencor by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after buying an additional 1,144 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in shares of KLA-Tencor in the third quarter worth approximately $148,000. Edge Advisors LLC boosted its holdings in shares of KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after buying an additional 872 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of KLA-Tencor in the third quarter worth approximately $212,000. 90.63% of the stock is currently owned by institutional investors.

WARNING: “KLA-Tencor (KLAC) Stock Rating Upgraded by KeyCorp” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/20/kla-tencor-klac-stock-rating-upgraded-by-keycorp.html.

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.

Analyst Recommendations for KLA-Tencor (NASDAQ:KLAC)

What are top analysts saying about KLA-Tencor? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for KLA-Tencor and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit