KLA-Tencor Corp.’s (KLAC) Hold Rating Reaffirmed at Needham & Company LLC
KLAC has been the subject of a number of other reports. B. Riley restated a neutral rating and set a $78.00 target price on shares of KLA-Tencor Corp. in a report on Thursday, July 28th. JPMorgan Chase & Co. restated a buy rating on shares of KLA-Tencor Corp. in a report on Wednesday, August 17th. Berenberg Bank upgraded shares of KLA-Tencor Corp. from a hold rating to a buy rating in a report on Thursday. Zacks Investment Research upgraded shares of KLA-Tencor Corp. from a sell rating to a hold rating in a report on Tuesday, August 9th. Finally, Cowen and Company raised their target price on shares of KLA-Tencor Corp. from $70.00 to $79.00 and gave the stock a market perform rating in a report on Friday, July 29th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. KLA-Tencor Corp. has an average rating of Buy and an average price target of $76.21.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) opened at 72.67 on Friday. The stock’s 50 day moving average price is $69.72 and its 200-day moving average price is $71.81. The firm has a market capitalization of $11.34 billion, a P/E ratio of 16.18 and a beta of 1.75. KLA-Tencor Corp. has a 12-month low of $51.16 and a 12-month high of $77.85.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.35. KLA-Tencor Corp. had a net margin of 23.60% and a return on equity of 159.94%. The business had revenue of $919.17 million for the quarter, compared to analyst estimates of $842.10 million. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities analysts expect that KLA-Tencor Corp. will post $4.92 EPS for the current year.
Several large investors have recently modified their holdings of the stock. First New York Securities LLC NY raised its stake in shares of KLA-Tencor Corp. by 51.2% in the second quarter. First New York Securities LLC NY now owns 1,400 shares of the company’s stock worth $103,000 after buying an additional 474 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of KLA-Tencor Corp. by 104.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,981 shares of the company’s stock worth $145,000 after buying an additional 1,010 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of KLA-Tencor Corp. by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 2,829 shares of the company’s stock worth $208,000 after buying an additional 22 shares during the period. Pacer Advisors Inc. raised its stake in shares of KLA-Tencor Corp. by 27.2% in the second quarter. Pacer Advisors Inc. now owns 2,843 shares of the company’s stock worth $208,000 after buying an additional 608 shares during the period. Finally, Navellier & Associates Inc bought a new stake in shares of KLA-Tencor Corp. during the second quarter worth about $211,000. 85.80% of the stock is owned by institutional investors.
About KLA-Tencor Corp.
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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