In a report issued on July 13, Atif Malik from Citigroup maintained a Buy rating on Kla-Tencor Corp (NASDAQ: KLAC), with a price target of $123. The company’s shares closed on Friday at $104.86.
According to TipRanks.com, Malik is ranked #485 out of 4843 analysts.
Currently, the analyst consensus on Kla-Tencor Corp is a Strong Buy with an average price target of $133.50.
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The company has a one-year high of $123.96 and a one-year low of $87.93. Currently, Kla-Tencor Corp has an average volume of 1.33M.
Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KLAC in relation to earlier this year.
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KLA-Tencor Corp. engages in the design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its products include manufactured chips, wafers, reticles, data storage media, light-emitting diode, and compound semiconductors.
