KLA-Tencor Corp (KLAC) Receives Consensus Rating of “Buy” from Brokerages

KLA-Tencor Corp (NASDAQ:KLAC) has been assigned an average rating of “Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $130.55.

KLAC has been the subject of a number of analyst reports. Zacks Investment Research raised KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Tuesday, April 2nd. BidaskClub lowered KLA-Tencor from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Stifel Nicolaus raised their price target on KLA-Tencor from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. ValuEngine raised KLA-Tencor from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, Deutsche Bank lifted their price objective on KLA-Tencor from $105.00 to $115.00 and gave the company a “hold” rating in a research note on Monday, February 25th.

KLA-Tencor stock opened at $125.64 on Thursday. KLA-Tencor has a one year low of $80.65 and a one year high of $127.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.03 and a quick ratio of 2.35. The firm has a market capitalization of $18.64 billion, a PE ratio of 15.71, a P/E/G ratio of 1.32 and a beta of 1.61.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $1.97 earnings per share. Analysts anticipate that KLA-Tencor will post 8.43 EPS for the current fiscal year.

In related news, insider Brian M. Trafas sold 1,114 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $107.00, for a total value of $119,198.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Emiko Higashi sold 2,141 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $117.43, for a total value of $251,417.63. Following the completion of the transaction, the director now directly owns 8,780 shares in the company, valued at $1,031,035.40. The disclosure for this sale can be found here. Insiders have sold 8,775 shares of company stock worth $979,331 in the last 90 days. Company insiders own 0.19% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KLAC. LPL Financial LLC lifted its position in KLA-Tencor by 103.1% in the 3rd quarter. LPL Financial LLC now owns 30,998 shares of the semiconductor company’s stock valued at $3,153,000 after acquiring an additional 15,733 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in KLA-Tencor during the 3rd quarter valued at $887,000. Legal & General Group Plc raised its stake in KLA-Tencor by 5.4% during the 3rd quarter. Legal & General Group Plc now owns 799,989 shares of the semiconductor company’s stock valued at $81,367,000 after buying an additional 40,648 shares during the last quarter. Morgan Stanley raised its stake in KLA-Tencor by 9.2% during the 3rd quarter. Morgan Stanley now owns 537,733 shares of the semiconductor company’s stock valued at $54,692,000 after buying an additional 45,390 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in KLA-Tencor by 40.4% during the 3rd quarter. Federated Investors Inc. PA now owns 240,617 shares of the semiconductor company’s stock valued at $24,473,000 after buying an additional 69,239 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

KLA-Tencor Company Profile

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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