Needham analyst Quinn Bolton assigned a Hold rating to Kla-Tencor (KLAC) today. The company’s shares closed last Tuesday at $155.63.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 18.8% and a 67.8% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Energy Industries, and Ultra Clean Holdings.
Currently, the analyst consensus on Kla-Tencor is a Moderate Buy with an average price target of $171.00.
See today’s analyst top recommended stocks >>
Based on Kla-Tencor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.51 billion and net profit of $381 million. In comparison, last year the company earned revenue of $1.12 billion and had a net profit of $369 million.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KLAC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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. The company was founded in April 1997 and is headquartered in Milpitas, CA.
