KLA-Tencor (NASDAQ:KLAC) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

Several other equities research analysts also recently commented on the stock. ValuEngine upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Zacks Investment Research downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Credit Suisse Group restated an “outperform” rating and issued a $134.00 price target (up previously from $124.00) on shares of KLA-Tencor in a research report on Monday, January 29th. Finally, KeyCorp upped their price target on shares of KLA-Tencor from $134.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Buy” and an average target price of $120.57.

Shares of KLA-Tencor (NASDAQ:KLAC) opened at $107.47 on Thursday. KLA-Tencor has a one year low of $86.69 and a one year high of $121.65. The company has a market cap of $16,321.38, a P/E ratio of 25.90 and a beta of 1.53. The company has a current ratio of 3.73, a quick ratio of 3.06 and a debt-to-equity ratio of 2.03.

KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.73 by $0.24. The business had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. equities analysts predict that KLA-Tencor will post 7.71 EPS for the current year.

In other KLA-Tencor news, EVP Ahmad A. Khan sold 2,975 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $99.71, for a total value of $296,637.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian M. Trafas sold 1,120 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.04, for a total transaction of $123,244.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,493 shares of company stock valued at $2,783,360. Insiders own 0.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of KLA-Tencor by 300.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares during the last quarter. Bristlecone Advisors LLC acquired a new position in shares of KLA-Tencor during the 3rd quarter worth $148,000. Advisor Group Inc. increased its stake in shares of KLA-Tencor by 96.1% during the 4th quarter. Advisor Group Inc. now owns 1,941 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 951 shares during the last quarter. Edge Advisors LLC increased its stake in shares of KLA-Tencor by 77.8% during the 3rd quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of KLA-Tencor during the 3rd quarter worth $212,000. Institutional investors own 91.08% of the company’s stock.

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About KLA-Tencor

KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

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