In a report issued on August 6, Quinn Bolton from Needham maintained a Hold rating on Kla-Tencor Corp (KLAC). The company’s shares closed yesterday at $134.14, close to its 52-week high of $143.95.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of 16.5% and a 67.5% success rate. Bolton covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Applied Materials Inc, and Ultra Clean Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kla-Tencor Corp with a $144.11 average price target, implying a 7.4% upside from current levels. In a report issued on August 6, Deutsche Bank also upgraded the stock to Hold with a $133 price target.
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Based on Kla-Tencor Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $218 million. In comparison, last year the company had a net profit of $349 million.
Based on the recent corporate insider activity of 94 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.
