KLA-Tencor Corp (NASDAQ:KLAC)‘s stock had its “neutral” rating restated by equities research analysts at Nomura in a research note issued to investors on Sunday, Analyst Ratings Net reports. They currently have a $67.00 target price on the stock. Nomura’s price objective points to a potential upside of 0.01% from the company’s current price.

Several hedge funds have modified their holdings of the company. Benjamin F. Edwards & Company acquired a new stake in shares of KLA-Tencor Corp during the fourth quarter valued at about $0. HL Financial Services LLC boosted its stake in shares of KLA-Tencor Corp by 1.3% in the fourth quarter. HL Financial Services LLC now owns 4,093 shares of the company’s stock valued at $284,000 after buying an additional 52 shares during the period. EQIS Capital Management purchased a new stake in shares of KLA-Tencor Corp during the fourth quarter valued at $319,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in shares of KLA-Tencor Corp during the fourth quarter valued at $409,000. Finally, Neuberger Berman Group LLC purchased a new stake in shares of KLA-Tencor Corp during the fourth quarter valued at $558,000.

KLA-Tencor Corp (NASDAQ:KLAC) opened at 66.99 on Friday. KLA-Tencor Corp has a 52-week low of $44.95 and a 52-week high of $70.28. The firm’s 50-day moving average is $67.00 and its 200-day moving average is $58.89. The stock has a market cap of $10.40 billion and a P/E ratio of 20.08.

KLA-Tencor Corp (NASDAQ:KLAC) last released its earnings results on Thursday, January 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.18. During the same period in the previous year, the company earned $0.68 EPS. The business had revenue of $710 million for the quarter, compared to analysts’ expectations of $699.72 million. KLA-Tencor Corp’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts predict that KLA-Tencor Corp will post $3.69 earnings per share for the current year.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of KLA-Tencor Corp from a “sell” rating to a “hold” rating in a report on Monday, October 5th. Piper Jaffray lowered shares of KLA-Tencor Corp from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $63.00 to $67.00 in a report on Thursday, October 22nd. Needham & Company LLC dropped their price objective on shares of KLA-Tencor Corp from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, October 9th. Cowen and Company reissued a “market perform” rating and issued a $67.00 price objective (up previously from $60.00) on shares of KLA-Tencor Corp in a report on Thursday, October 22nd. Finally, Deutsche Bank reissued a “hold” rating on shares of KLA-Tencor Corp in a report on Monday, October 12th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. KLA-Tencor Corp has an average rating of “Hold” and an average price target of $65.00.

In other news, EVP Bobby R. Bell sold 6,343 shares of the stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $68.05, for a total transaction of $431,641.15. Following the sale, the executive vice president now owns 67,398 shares of the company’s stock, valued at $4,586,433.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 1,600 shares of the stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $66.77, for a total transaction of $106,832.00. Following the sale, the chief financial officer now directly owns 33,788 shares in the company, valued at approximately $2,256,024.76. The disclosure for this sale can be found here.

KLA-Tencor Corporation 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 various other industries, including the light emitting diode (NASDAQ:KLAC) and data storage industries, as well as general materials research. KLA-Tencor’s 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.

12 Month Chart for NASDAQ:KLAC

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