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.
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.
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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.
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