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KLAC

KLA-Tencor

$124.56

-3.89 (-3.03%)

06:18
05/07/19
05/07
06:18
05/07/19
06:18

KLA-Tencor price target raised to $140 from $135 at UBS

UBS analyst Timothy Arcuri raised his price target on KLA-Tencor to $140 and kept his Buy rating, saying that while the management's outlook is not "awe-inspiring" in terms of gross margins and higher operating expenses, he sees the guidance as "very conservative." The analyst believes that the overall consensus for 2020 revenue is "still too low" since the "process control intensity" was flat in 2018 despite the strong memory investment last year, and he expects KLA-Tencor to gain WFE market share.

  • 05

    Jun

KLAC KLA-Tencor
$124.56

-3.89 (-3.03%)

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

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