Credit Agricole Cuts KLA-Tencor to Outperform (KLAC)
KLA-Tencor (NASDAQ: KLAC) was downgraded by equities researchers at Credit Agricole from a “buy” rating to an “outperform” rating in a report issued on Friday.
Shares of KLA-Tencor traded down 0.30% during mid-day trading on Friday, hitting $52.135. KLA-Tencor has a one year low of $33.20 and a one year high of $55.43. The company has a market cap of $8.693 billion and a P/E ratio of 11.77.
The company last announced its quarterly results on Thursday, April 26th. It reported $1.27 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.10 EPS by $0.17. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that KLA-Tencor will post $1.17 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at CLSA downgraded shares of KLA-Tencor from a “buy” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of KLA-Tencor from $52.00 to $60.00 in a research note to investors on Thursday, April 12nd. They now have an “equal weight” rating on the stock. Finally, analysts at BNP Paribas (EPA: BNP) upgraded shares of KLA-Tencor from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, March 28th.
KLA-Tencor Corporation (KLA-Tencor) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.