KLA-Tencor (KLAC) Upgraded to “Sell” by BidaskClub

KLA-Tencor (NASDAQ:KLAC) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

Several other analysts have also commented on KLAC. Cowen lifted their price objective on shares of KLA-Tencor from $140.00 to $148.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 31st. Stifel Nicolaus lifted their price objective on shares of KLA-Tencor from $143.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. B. Riley lowered their price objective on shares of KLA-Tencor from $152.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Wednesday, August 1st. Finally, Evercore ISI raised shares of KLA-Tencor from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $130.00 to $140.00 in a research report on Tuesday, September 4th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $129.54.

KLAC stock traded down $0.43 during mid-day trading on Friday, hitting $94.31. The company had a trading volume of 693,200 shares, compared to its average volume of 1,574,700. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 1.44 and a beta of 1.55. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.69 and a current ratio of 3.45. KLA-Tencor has a 12 month low of $84.59 and a 12 month high of $123.96.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Monday, October 29th. The semiconductor company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a net margin of 22.05% and a return on equity of 93.99%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Analysts forecast that KLA-Tencor will post 9.16 earnings per share for the current year.

In other news, SVP Virendra A. Kirloskar sold 632 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $93.74, for a total value of $59,243.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ahmad A. Khan sold 5,028 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $94.22, for a total transaction of $473,738.16. Following the completion of the sale, the executive vice president now directly owns 8,033 shares in the company, valued at approximately $756,869.26. The disclosure for this sale can be found here. In the last three months, insiders sold 30,516 shares of company stock worth $3,310,114. Insiders own 0.19% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of KLAC. Cornerstone Wealth Management LLC raised its position in shares of KLA-Tencor by 1,014.5% in the second quarter. Cornerstone Wealth Management LLC now owns 70,312 shares of the semiconductor company’s stock valued at $678,000 after purchasing an additional 64,003 shares during the period. Creative Planning grew its stake in KLA-Tencor by 72.7% during the second quarter. Creative Planning now owns 9,385 shares of the semiconductor company’s stock valued at $962,000 after acquiring an additional 3,951 shares in the last quarter. Unigestion Holding SA purchased a new position in KLA-Tencor during the second quarter valued at approximately $1,979,000. Alps Advisors Inc. purchased a new position in KLA-Tencor during the second quarter valued at approximately $504,000. Finally, ARP Americas LP grew its stake in KLA-Tencor by 48.9% during the second quarter. ARP Americas LP now owns 6,700 shares of the semiconductor company’s stock valued at $687,000 after acquiring an additional 2,200 shares in the last quarter. 92.99% of the stock is currently owned by institutional investors.

About KLA-Tencor

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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