Trade Report: Today, KLA-Tencor Corp.’s (KLAC) Focus List Rating Reiterated at Credit Suisse Group AG

Today, KLA-Tencor Corp.’s (KLAC) Focus List Rating Reiterated at Credit Suisse Group AG

Credit Suisse Group AG reaffirmed their focus list rating on shares of KLA-Tencor Corp. (NASDAQ:KLAC) in a research note published on Monday morning. The brokerage currently has a $85.00 target price on the stock.

KLAC has been the subject of a number of other research reports. Zacks Investment Research raised KLA-Tencor Corp. from a hold rating to a buy rating and set a $78.00 price target for the company in a research report on Wednesday, September 28th. Cowen and Company raised KLA-Tencor Corp. from a market perform rating to an outperform rating and lifted their price target for the stock from $79.00 to $80.00 in a research report on Monday, August 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. reaffirmed a buy rating on shares of KLA-Tencor Corp. in a research report on Wednesday, August 17th. Susquehanna reaffirmed a neutral rating on shares of KLA-Tencor Corp. in a research report on Saturday, August 13th. Finally, B. Riley reaffirmed a neutral rating and set a $78.00 price target on shares of KLA-Tencor Corp. in a research report on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $74.13.

KLA-Tencor Corp. (NASDAQ:KLAC) opened at 71.79 on Monday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 15.99 and a beta of 1.75. The stock has a 50 day moving average price of $69.64 and a 200-day moving average price of $71.80. KLA-Tencor Corp. has a 1-year low of $51.16 and a 1-year high of $77.85.

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

A number of large investors have recently bought and sold shares of the company. Aperio Group LLC raised its stake in KLA-Tencor Corp. by 8.8% in the first quarter. Aperio Group LLC now owns 57,700 shares of the company’s stock valued at $4,201,000 after buying an additional 4,685 shares during the period. Pacad Investment Ltd. purchased a new stake in KLA-Tencor Corp. during the first quarter valued at approximately $1,114,000. Teachers Advisors Inc. raised its stake in KLA-Tencor Corp. by 24.6% in the first quarter. Teachers Advisors Inc. now owns 180,023 shares of the company’s stock valued at $13,107,000 after buying an additional 35,574 shares during the period. Nikko Asset Management Americas Inc. purchased a new stake in KLA-Tencor Corp. during the first quarter valued at approximately $530,000. Finally, JPMorgan Chase & Co. raised its stake in KLA-Tencor Corp. by 1.3% in the first quarter. JPMorgan Chase & Co. now owns 10,931,925 shares of the company’s stock valued at $795,954,000 after buying an additional 141,701 shares during the period. Institutional investors own 85.80% of the company’s stock.

About KLA-Tencor Corp.

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