KLA-Tencor (KLAC) Given New $140.00 Price Target at UBS Group

KLA-Tencor (NASDAQ:KLAC) had its target price lifted by stock analysts at UBS Group to $140.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. UBS Group’s target price would suggest a potential upside of 12.35% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Cowen raised their target price on shares of KLA-Tencor from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday. Needham & Company LLC began coverage on shares of KLA-Tencor in a report on Tuesday, April 16th. They set a “hold” rating on the stock. Goldman Sachs Group began coverage on shares of KLA-Tencor in a report on Tuesday, April 9th. They set a “sell” rating and a $107.00 price objective on the stock. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a report on Tuesday, April 2nd. Finally, BidaskClub lowered shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $133.36.

Shares of NASDAQ:KLAC opened at $124.61 on Tuesday. The company has a market cap of $19.45 billion, a PE ratio of 15.58, a P/E/G ratio of 1.37 and a beta of 1.61. KLA-Tencor has a one year low of $80.65 and a one year high of $129.03. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.35 and a current ratio of 3.03.

KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Monday, May 6th. The semiconductor company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.13. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $2.02 earnings per share. Sell-side analysts anticipate that KLA-Tencor will post 8.43 earnings per share for the current year.

In other KLA-Tencor news, Director Emiko Higashi sold 2,141 shares of KLA-Tencor stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $117.43, for a total value of $251,417.63. Following the transaction, the director now directly owns 8,780 shares of the company’s stock, valued at $1,031,035.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ahmad A. Khan sold 3,851 shares of KLA-Tencor stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $107.52, for a total transaction of $414,059.52. The disclosure for this sale can be found here. Insiders sold 7,661 shares of company stock worth $860,133 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC purchased a new position in KLA-Tencor in the first quarter worth $26,000. NuWave Investment Management LLC acquired a new stake in shares of KLA-Tencor during the first quarter worth $27,000. Resources Investment Advisors Inc. acquired a new stake in shares of KLA-Tencor during the fourth quarter worth $29,000. JOYN Advisors Inc. lifted its stake in shares of KLA-Tencor by 251.0% during the fourth quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock worth $31,000 after buying an additional 246 shares during the period. Finally, Spectrum Management Group Inc. acquired a new stake in shares of KLA-Tencor during the first quarter worth $40,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

KLA-Tencor Company Profile

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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