Kla-Tencor Corp (KLAC) Receives a Rating Update from a Top Analyst

By Jason Carr

In a report released today, Weston Twigg from KeyBanc maintained a Buy rating on Kla-Tencor Corp (KLACResearch Report), with a price target of $204.00. The company’s shares closed last Monday at $172.96, close to its 52-week high of $175.32.

According to TipRanks.com, Twigg is a top 100 analyst with an average return of 27.3% and a 73.0% success rate. Twigg covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Intel Corporation, and MKS Instruments.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kla-Tencor Corp with a $162.73 average price target.

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The company has a one-year high of $175.32 and a one-year low of $80.65. Currently, Kla-Tencor Corp has an average volume of 1.56M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KLAC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. Its products include manufactured chips, reticle, packaging, surface profilers, nanochemical testers, KT pro equipment, and compound semiconductors.