B. Riley Sticks to Their Buy Rating for Kla-Tencor Corp

By Carrie Williams

In a report released today, Craig Ellis from B. Riley reiterated a Buy rating on Kla-Tencor Corp (NASDAQ: KLAC), with a price target of $120. The company’s shares opened today at $97.74.

According to TipRanks.com, Ellis is a 4-star analyst with an average return of 26.3% and a 66.7% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Rudolph Technologies.

Kla-Tencor Corp has an analyst consensus of Moderate Buy, with a price target consensus of $120.

Based on Kla-Tencor Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $939 million and quarterly net profit of $256 million. In comparison, last year the company earned revenue of $919 million and had a net profit of $272 million.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.

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KLA-Tencor Corp. engages in the design, manufacture, and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its products include manufactured chips, wafers, reticles, data storage media, light-emitting diode, and compound semiconductors.