Merrill Lynch analyst Vivek Arya maintained a Buy rating on Kla-Tencor Corp (KLAC) today and set a price target of $175. The company’s shares closed last Monday at $155.22, close to its 52-week high of $155.78.
According to TipRanks.com, Arya is a 5-star analyst with an average return of 16.7% and a 59.6% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Inphi Corp, and Broadcom.
Currently, the analyst consensus on Kla-Tencor Corp is a Moderate Buy with an average price target of $155.96, representing a 2.2% upside. In a report issued on September 3, Evercore ISI also upgraded the stock to Buy with a $175 price target.
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The company has a one-year high of $155.78 and a one-year low of $80.65. Currently, Kla-Tencor Corp has an average volume of 1.54M.
Based on the recent corporate insider activity of 82 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.
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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.
