KLA-Tencor Rating Increased to Buy at CLSA (KLAC)

By admin | 5 years ago
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KLA-Tencor (NASDAQ: KLAC) was upgraded by investment analysts at CLSA from an “outperform” rating to a “buy” rating in a note issued to investors on Friday.

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Shares of KLA-Tencor remained flat at $44.56 during during mid-day trading trading on Friday. 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 $7.456 billion and a P/E ratio of 10.08.

KLA-Tencor last issued its quarterly earnings data on Thursday, April 26th. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.17. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that KLA-Tencor will post $1.19 EPS next quarter.

A number of other firms have also recently commented on KLAC. Analysts at Credit Agricole upgraded shares of KLA-Tencor to a “buy” rating in a research note to investors on Friday. Separately, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of KLA-Tencor from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, May 16th. They now have a $54.00 price target on the stock, up previously from $42.00. Finally, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of KLA-Tencor from $59.00 to $62.00 in a research note to investors on Friday, April 27th. They now have an “overweight” rating on the stock.

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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.

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