Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Kla-Tencor Corp (KLAC) today and set a price target of $110. The company’s shares closed yesterday at $126.46.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 10.1% and a 49.5% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.
Currently, the analyst consensus on Kla-Tencor Corp is a Moderate Buy with an average price target of $138.29, implying a 9.4% upside from current levels. In a report released today, Deutsche Bank also upgraded the stock to Hold with a $133 price target.
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Kla-Tencor Corp’s market cap is currently $20.44B and has a P/E ratio of 15.04. The company has a Price to Book ratio of 7.17.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.
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KLA 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.
