Trading Report: The KLA-Tencor Corp. (KLAC) Earns “Hold” Rating from Needham & Company LLC

The KLA-Tencor Corp. (KLAC) Earns “Hold” Rating from Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of KLA-Tencor Corp. (NASDAQ:KLAC) in a research report report published on Saturday.

KLAC has been the topic of several other research reports. Zacks Investment Research upgraded KLA-Tencor Corp. from a hold rating to a buy rating and set a $78.00 price target on the stock in a report on Wednesday, September 28th. JPMorgan Chase & Co. increased their price target on KLA-Tencor Corp. from $79.50 to $84.50 and gave the stock an overweight rating in a report on Friday, July 29th. Credit Suisse Group AG reiterated a hold rating and issued a $82.00 price target on shares of KLA-Tencor Corp. in a report on Friday, July 29th. Berenberg Bank upgraded KLA-Tencor Corp. from a hold rating to a buy rating in a report on Thursday. Finally, B. Riley upgraded KLA-Tencor Corp. from a neutral rating to a buy rating and increased their price target for the stock from $78.00 to $86.00 in a report on Thursday. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $76.21.

KLA-Tencor Corp. (NASDAQ:KLAC) opened at 72.67 on Friday. KLA-Tencor Corp. has a 12-month low of $51.16 and a 12-month high of $77.85. The company’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 price-to-earnings ratio of 16.18 and a beta of 1.75.

KLA-Tencor Corp. (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.35. The business had revenue of $919.17 million for the quarter, compared to analyst estimates of $842.10 million. KLA-Tencor Corp. had a return on equity of 159.94% and a net margin of 23.60%. The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. On average, equities analysts anticipate that KLA-Tencor Corp. will post $4.92 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares 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 acquired a new stake in shares of KLA-Tencor Corp. during the second quarter worth approximately $211,000. Institutional investors own 85.80% of the company’s stock.

About KLA-Tencor Corp.

Related posts

Leave a Comment