KLA-Tencor Corporation (KLAC) : 1 brokerage houses believe that KLA-Tencor Corporation (KLAC) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on KLA-Tencor Corporation (KLAC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.
KLA-Tencor Corporation (KLAC) : The highest level KLA-Tencor Corporation (KLAC) is projected to reach is $79 for the short term and the lowest estimate is at $59. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $71.8 and the possibility the share price can swing is $9.2.
Company shares have received an average consensus rating of Hold for the current week KLA-Tencor Corporation (NASDAQ:KLAC): The stock opened at $69.86 on Thursday but the bulls could not build on the opening and the stock topped out at $70.16 for the day. The stock traded down to $66.88 during the day, due to lack of any buying support eventually closed down at $67.51 with a loss of -2.82% for the day. The stock had closed at $69.47 on the previous day. The total traded volume was 3,423,726 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & Chief Financial Officer) of Kla Tencor Corp, Higgins Bren D. had sold 363 shares worth of $26,219 in a transaction dated July 5, 2016. In this transaction, 363 shares were sold at $72.23 per share.
KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Companys products are also used in various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research. KLA-Tencors products and services are used by bare wafer, integrated circuit (IC), lithography reticle and disk manufacturers around the world. These customers turn to the Company for inline wafer and IC defect monitoring, review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness, surface topography and composition measurements; measurement of in-chamber process conditions, wafer shape and stress metrology; computational lithography tools, and overall yield and fab-wide data management and analysis systems.