Kla-Tencor Corp. Receives a Hold from RBC Capital

By George MacDonald

RBC Capital analyst Mahesh Sanganeria reiterated a Hold rating on Kla-Tencor Corp. (NASDAQ: KLAC) today and set a price target of $73. The company’s shares closed yesterday at $70.95, close to its 52-week high of $73.12.

Currently, the analyst consensus on Kla-Tencor Corp. is Hold and the average price target is $77.75, representing a 9.6% upside. In a report published on January 21, Credit Suisse also initiated coverage with a Hold rating on the stock with a $66.73 price target.

The company has a one year high of $73.12 and a one year low of $46.50. Currently, Kla-Tencor Corp. has an average volume of 1.78M.

According to TipRanks, Sanganeria is a 4-star analyst with an average return of 11.9% and a 63.0% success rate. Sanganeria covers the Technology sector, focusing on stocks such as Applied Materials, Maxim Integrated, and Nanometrics Inc.

KLA-Tencor Corp is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries.