KLA-Tencor Corporation (KLAC) Receives Price Target

KLA-Tencor Corporation (KLAC) : 5 Wall Street analysts covering KLA-Tencor Corporation (KLAC) believe that the average level the stock could reach for the short term is $72. The maximum price target given is $80 and the minimum target for short term is around $59, hence the standard deviation is calculated at $9.41.

KLA-Tencor Corporation (KLAC) : 1 brokerage houses believe that KLA-Tencor Corporation (KLAC) is a Strong Buy at current levels. 4 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 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.


Also, Citigroup maintains its view on KLA-Tencor Corporation (NASDAQ:KLAC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $74 per share to $78 per share on KLA-Tencor Corporation. The rating by the firm was issued on July 29, 2016.

KLA-Tencor Corporation (NASDAQ:KLAC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.56 and $69.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.74, notching a gain of 2.14% for the day. The total traded volume was 1,935,572 . The stock had closed at $69.26 on the previous day.

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.

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