KLA-Tencor Corporation (KLAC) Given New $78.00 Price Target at Deutsche Bank AG

KLA-Tencor Corporation (KLAC) Given New $78.00 Price Target at Deutsche Bank AG

KLA-Tencor Corporation (NASDAQ:KLAC) had its target price lifted by Deutsche Bank AG from $75.00 to $78.00 in a research note released on Monday. They currently have a hold rating on the stock.

KLAC has been the subject of several other reports. B. Riley restated a buy rating and set a $91.00 target price on shares of KLA-Tencor Corporation in a research note on Monday. Vetr downgraded KLA-Tencor Corporation from a strong-buy rating to a buy rating and set a $88.55 target price for the company. in a research note on Monday, December 26th. Zacks Investment Research downgraded KLA-Tencor Corporation from a buy rating to a hold rating in a research note on Tuesday, November 8th. Susquehanna set a $70.00 target price on KLA-Tencor Corporation and gave the company a hold rating in a research note on Monday, October 24th. Finally, Nomura reaffirmed a neutral rating and set a $75.00 price target (up previously from $67.00) on shares of KLA-Tencor Corporation in a research report on Saturday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. KLA-Tencor Corporation presently has an average rating of Buy and an average price target of $86.28.

KLA-Tencor Corporation (NASDAQ:KLAC) opened at 83.25 on Monday. KLA-Tencor Corporation has a 12 month low of $62.33 and a 12 month high of $85.14. The firm has a market cap of $13.01 billion, a PE ratio of 16.77 and a beta of 1.60. The company has a 50-day moving average price of $79.70 and a 200 day moving average price of $74.97.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 26th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. KLA-Tencor Corporation had a return on equity of 138.28% and a net margin of 25.15%. The firm earned $877 million during the quarter, compared to the consensus estimate of $838.78 million. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities research analysts anticipate that KLA-Tencor Corporation will post $5.41 EPS for the current year.

In other KLA-Tencor Corporation news, Director Kiran M. Patel sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $82.45, for a total value of $494,700.00. Following the sale, the director now owns 2,141 shares in the company, valued at $176,525.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard P. Wallace sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $79.17, for a total transaction of $2,770,950.00. Following the completion of the sale, the insider now owns 75,945 shares in the company, valued at approximately $6,012,565.65. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KLAC. Primecap Management Co. CA raised its position in KLA-Tencor Corporation by 6.1% in the second quarter. Primecap Management Co. CA now owns 13,212,268 shares of the company’s stock worth $967,799,000 after buying an additional 762,672 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in KLA-Tencor Corporation by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,038,857 shares of the company’s stock worth $281,549,000 after buying an additional 72,996 shares in the last quarter. BlackRock Fund Advisors raised its position in KLA-Tencor Corporation by 2.8% in the third quarter. BlackRock Fund Advisors now owns 2,859,804 shares of the company’s stock worth $199,357,000 after buying an additional 76,730 shares in the last quarter. Westchester Capital Management LLC raised its position in KLA-Tencor Corporation by 5.6% in the second quarter. Westchester Capital Management LLC now owns 2,854,514 shares of the company’s stock worth $209,093,000 after buying an additional 150,206 shares in the last quarter. Finally, CNH Partners LLC raised its position in KLA-Tencor Corporation by 19.6% in the second quarter. CNH Partners LLC now owns 2,507,530 shares of the company’s stock worth $183,677,000 after buying an additional 411,164 shares in the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.

About KLA-Tencor Corporation

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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