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KLAC

KLA-Tencor

$124.46

2.21 (1.81%)

16:47
04/16/19
04/16
16:47
04/16/19
16:47

Needham starts KLA-Tencor at Hold, sees fair valuation

Needham analyst Quinn Bolton initiated coverage of KLA-Tencor with a Hold rating and no price target. The analyst is concerned about the "stagnation of growth" in the optical inspection segment of the process control market, which he notes is KLA-Tencor's single largest business segment. Further, he questions the company's ability to both grow Orbotech's revenue and expand margins given the competitive pricing landscape in Orbotech's markets. As such, Bolton finds shares of KLA-Tencor fairly valued.

  • 06

    May

  • 05

    Jun

KLAC KLA-Tencor
$124.46

2.21 (1.81%)

04/16/19
NEED
04/16/19
INITIATION
NEED
Hold
KLA-Tencor initiated with a Hold at Needham
04/09/19
04/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. First Merchants (FRME) initiated with an Outperform at Raymond James. 2. Focus Financial Partners (FOCS) initiated with an Outperform at Oppenheimer. 3.FIS (FIS) initiated with an Outperform at Keefe Bruyette while Fiserv (FISV) was initiated with a Market Perform. 4. Fox Corp. (FOXA) initiated with a Neutral at Citi. 5. KLA-Tencor (KLAC) reinstated with a Sell at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/09/19
GSCO
04/09/19
INITIATION
Target $107
GSCO
Sell
KLA-Tencor reinstated with a Sell at Goldman Sachs
Goldman Sachs analyst Toshiya Hari reinstated coverage of KLA-Tencor (KLAC) with a Sell rating and $107 price target, which represents 14% downside. The analyst is cautious on the stock given potential downside to second half of 2019 Street estimates and near-term concerns regarding Orbotech's business. Further, Hari reduced his 2019 Wafer Fab Equipment market outlook from down 20% year-over-year to down 25% to reflect a "more negative view" on memory spending following "continued price declines" in DRAM and NAND. Expectations for a second half of 2019 recovery in Wafer Fab Equipment, the primary driver behind Semiconductor Capital Equipment stock price outperformance year-to-date, will fade over time, Hari tells investors in a research note. The analyst keeps Neutral ratings on both Applied Materials (AMAT) and Lam Research (LRCX).He boosted his price target for Applied Materials to $40 from $38 and for Lam to $172 from $158.
03/07/19
UBSW
03/07/19
NO CHANGE
Target $135
UBSW
Buy
KLA-Tencor guidance implies better immediate Orbotech accretion, says UBS
UBS analyst Timothy Arcuri said the updated guidance from KLA-Tencor (KLAC) implies accretion from its deal with Orbotech (ORBK) will be a strong if not better than expected. The analyst believes this new asset may be under-appreciated as its more diversified end markets should help KLA-Tencor's multiple. Arcuri reiterated his Buy rating and raised his price target to $135 from $130 on KLA-Tencor shares.

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PBR

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British American Tobacco

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PBFX

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NOW

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PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

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  • 01

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NFBK

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$14.70

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NFBK

Northfield Bancorp

$14.70

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ZUO

Zuora

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  • 10

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TSLA

Tesla

$258.70

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  • 24

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OMAB

OMA Airports

$48.34

-0.25 (-0.51%)

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  • 25

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HMC

Honda

$27.70

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  • 24

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NTDOY

Nintendo

$0.00

(0.00%)

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  • 08

    Jun

ARGO

Argo Group

$74.46

0.515 (0.70%)

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  • 11

    Jun

SJW

SJW Corp.

$61.56

0.3 (0.49%)

18:03
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Earnings
SJW Corp. reports Q1 EPS 21c with items, consensus 14c »

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