Brokerage Firm Rating Update on KLA-Tencor Corporation (KLAC)

KLA-Tencor Corporation (KLAC) : 5 analysts are covering KLA-Tencor Corporation (KLAC) and their average rating on the stock is 2.6, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

KLA-Tencor Corporation (KLAC) : 5 investment research analysts covering KLA-Tencor Corporation (KLAC) have an average price target of $72 for the near short term. The highest target price given by the Brokerage Firm to the stock is $80 and the lowest target is $59 for the short term. Analysts expect the variance to be within $9.41 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, Cowen & Co. upgrades its rating on KLA-Tencor Corporation (NASDAQ:KLAC). Analysts at the Cowen & Co. have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on August 29, 2016.

KLA-Tencor Corporation (NASDAQ:KLAC): The stock opened at $70.81 and touched an intraday high of $70.81 on Wednesday. During the day, the stock corrected to an intraday low of $70, however, the bulls stepped in and pushed the price higher to close in the green at $70.8 with a gain of 0.37% for the day. The total traded volume for the day was 1,460,643. The stock had closed at $70.54 in the previous trading session.

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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