Research Analysts’ Weekly Ratings Changes for KLA-Tencor Corporation (KLAC)

KLA-Tencor Corporation (NASDAQ: KLAC) recently received a number of ratings updates from brokerages and research firms:

  • 8/6/2017 – KLA-Tencor Corporation was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $106.00 price target on the stock, up previously from $103.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/4/2017 – KLA-Tencor Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2017 – KLA-Tencor Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $120.00 price target on the stock.
  • 8/2/2017 – KLA-Tencor Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “KLA is one of the leading suppliers of inspection and metrology products and services. The fiscal fourth-quarter earnings of the company were above the Zacks Consensus Estimate. However, over the last one year, the stock has underperformed the Zacks characterized Semiconductor Equipment – Wafer Fabrication industry. KLA’s comprehensive product line, cost reduction initiatives and strong balance sheet remain positives that will generate growth whenever cyclical pressures permit. Though the competition and concentrated customer base increases execution risk, the increasing process control spending across foundry, memory and logic players through 2017 and beyond will enable KLA to deliver stronger results.”
  • 7/30/2017 – KLA-Tencor Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $103.00 price target on the stock, up previously from $102.00.
  • 7/29/2017 – KLA-Tencor Corporation was given a new $115.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 7/28/2017 – KLA-Tencor Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $120.00 price target on the stock.
  • 7/25/2017 – KLA-Tencor Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2017 – KLA-Tencor Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – KLA-Tencor Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $120.00 price target on the stock.
  • 7/5/2017 – KLA-Tencor Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/28/2017 – KLA-Tencor Corporation had its “reduce” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $65.00 price target on the stock.
  • 6/19/2017 – KLA-Tencor Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $102.00 price target on the stock, up previously from $92.00.
  • 6/16/2017 – KLA-Tencor Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/13/2017 – KLA-Tencor Corporation had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $110.00 price target on the stock.

KLA-Tencor Corporation (NASDAQ:KLAC) opened at 88.14 on Friday. The stock has a market cap of $13.82 billion, a P/E ratio of 14.99 and a beta of 1.62. KLA-Tencor Corporation has a 52-week low of $66.89 and a 52-week high of $109.59. The firm’s 50-day moving average price is $95.27 and its 200 day moving average price is $95.56.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that KLA-Tencor Corporation will post $6.70 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.59 per share. This is an increase from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. This represents a $2.36 annualized dividend and a yield of 2.68%. The ex-dividend date is Friday, August 11th. KLA-Tencor Corporation’s payout ratio is 36.73%.

In other KLA-Tencor Corporation news, insider Bobby R. Bell sold 5,695 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $100.54, for a total transaction of $572,575.30. Following the transaction, the insider now directly owns 1 shares of the company’s stock, valued at $100.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Virendra A. Kirloskar sold 314 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $91.74, for a total transaction of $28,806.36. Following the transaction, the senior vice president now directly owns 611 shares in the company, valued at $56,053.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,648 shares of company stock worth $3,438,066. Company insiders own 0.26% of the company’s stock.

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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