KLA-Tencor Corp. (NASDAQ:KLAC) had its target price lifted by UBS AG from $63.50 to $70.00 in a research note released on Monday morning, AmericanBankingNews.com reports. They currently have a buy rating on the stock.
KLA-Tencor Corp. (NASDAQ:KLAC) traded down 1.34% on Monday, hitting $65.305. 1,163,489 shares of the company’s stock traded hands. KLA-Tencor Corp. has a 1-year low of $43.21 and a 1-year high of $60.94. The stock has a 50-day moving average of $57.80 and a 200-day moving average of $55.72. The company has a market cap of $10.833 billion and a price-to-earnings ratio of 21.56.
KLA-Tencor Corp. (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.02. The company had revenue of $658.30 million for the quarter, compared to the consensus estimate of $657.50 million. During the same quarter last year, the company posted $0.84 earnings per share. KLA-Tencor Corp.’s revenue was down 8.7% compared to the same quarter last year. On average, analysts predict that KLA-Tencor Corp. will post $3.83 earnings per share for the current fiscal year.
In other KLA-Tencor Corp. news, EVP Michael Kirk sold 4,000 shares of the stock on the open market in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $64.89, for a total transaction of $259,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a neutral rating on shares of KLA-Tencor Corp. in a research note to investors on Monday. They now have a $67.00 price target on the stock. Separately, analysts at Pacific Crest raised their price target on shares of KLA-Tencor Corp. from $66.00 to $72.00 in a research note to investors on Friday, October 25th. They now have an outperform rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of KLA-Tencor Corp. from $64.00 to $68.00 in a research note to investors on Friday, October 25th. They now have a market perform rating on the stock. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $64.31.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
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