Susquehanna Keeps a Hold Rating on Kla-Tencor (KLAC)

By Ryan Adsit

In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Kla-Tencor (KLACResearch Report), with a price target of $180.00. The company’s shares closed last Monday at $172.99, close to its 52-week high of $175.43.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 9.8% and a 51.7% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Applied Materials.

Currently, the analyst consensus on Kla-Tencor is a Strong Buy with an average price target of $192.20, implying a 12.8% upside from current levels. In a report issued on October 31, Needham also reiterated a Hold rating on the stock.

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Kla-Tencor’s market cap is currently $27.13B and has a P/E ratio of 24.04. The company has a Price to Book ratio of 10.31.

Based on the recent corporate insider activity of 92 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.