KLA-Tencor (NASDAQ:KLAC) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other research analysts have also recently issued reports on the company. Zacks Investment Research cut KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Stifel Nicolaus boosted their target price on KLA-Tencor from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Citigroup decreased their target price on KLA-Tencor from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Friday, July 13th. BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 17th. Finally, Evercore ISI raised KLA-Tencor from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. KLA-Tencor has a consensus rating of “Buy” and a consensus target price of $136.28.

Shares of KLA-Tencor stock opened at $104.16 on Wednesday. KLA-Tencor has a 12 month low of $96.12 and a 12 month high of $123.96. The company has a quick ratio of 2.97, a current ratio of 3.73 and a debt-to-equity ratio of 1.38. The firm has a market cap of $16.49 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.16 and a beta of 1.57.

KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Monday, July 30th. The semiconductor company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.08. KLA-Tencor had a return on equity of 88.65% and a net margin of 19.87%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. equities research analysts anticipate that KLA-Tencor will post 9.28 earnings per share for the current fiscal year.

In other news, CFO Bren D. Higgins sold 2,609 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $116.55, for a total value of $304,078.95. Following the sale, the chief financial officer now directly owns 13,089 shares in the company, valued at $1,525,522.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 1,418 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $106.64, for a total value of $151,215.52. Following the completion of the sale, the chief financial officer now owns 1,669 shares in the company, valued at $177,982.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,115 shares of company stock worth $6,100,246. Corporate insiders own 0.20% of the company’s stock.

Several institutional investors have recently modified their holdings of KLAC. Aperio Group LLC lifted its holdings in shares of KLA-Tencor by 10.6% in the first quarter. Aperio Group LLC now owns 75,909 shares of the semiconductor company’s stock valued at $8,275,000 after purchasing an additional 7,306 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of KLA-Tencor by 2,091.8% in the first quarter. Thrivent Financial for Lutherans now owns 139,573 shares of the semiconductor company’s stock valued at $15,215,000 after purchasing an additional 133,205 shares in the last quarter. First Mercantile Trust Co. raised its holdings in KLA-Tencor by 121.7% during the first quarter. First Mercantile Trust Co. now owns 1,299 shares of the semiconductor company’s stock worth $142,000 after acquiring an additional 713 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in KLA-Tencor by 88.9% during the first quarter. Thompson Siegel & Walmsley LLC now owns 23,959 shares of the semiconductor company’s stock worth $2,612,000 after acquiring an additional 11,273 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its holdings in KLA-Tencor by 150.5% during the first quarter. Neuburgh Advisers LLC now owns 45,188 shares of the semiconductor company’s stock worth $4,926,000 after acquiring an additional 27,148 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

About KLA-Tencor

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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