Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Kla-Tencor Corp (KLAC) yesterday and set a price target of $105. The company’s shares closed yesterday at $124.61, close to its 52-week high of $129.03.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 9.5% and a 47.6% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Applied Materials Inc, and Universal Display.
Currently, the analyst consensus on Kla-Tencor Corp is a Moderate Buy with an average price target of $133.57.
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Based on Kla-Tencor Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $369 million. In comparison, last year the company had a net profit of $307 million.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock.
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KLA-Tencor Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, KT pro equipment, and compound semiconductors.
