Susquehanna Upgrades KLA-Tencor (KLAC) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/25/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
UPDATE: Credit Suisse Downgrades KLA-Tencor (KLAC) to Neutral - Correct
October 24, 2014 7:40 AM EDT(Updated - October 24, 2014 12:57 PM EDT)
(Update corrects price target raise to $83)
Credit Suisse downgraded KLA-Tencor (NASDAQ: KLAC) from Outperform to Neutral with a price target of $83 (from $75). The change follows Q3 results.
Analyst John W. Pitzer said, "KLAC BEAT CS/Street estimates... More
B. Riley Downgrades KLA-Tencor (KLAC) to Neutral
October 24, 2014 6:55 AM EDTB. Riley downgraded KLA-Tencor (NASDAQ: KLAC) from Buy to Neutral with a price target of $82 (unchanged).
For an analyst ratings summary and ratings history on KLA-Tencor click here. For more ratings news on KLA-Tencor click here.
Shares of KLA-Tencor closed at $71.00 yesterday.
... MoreKLA-Tencor (KLAC) Tops Q1 EPS by 1c; Announces Leveraged Recapitalization and $16.50/Share Special Dividend
October 23, 2014 4:16 PM EDTKLA-Tencor (NASDAQ: KLAC) reported Q1 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $643 million versus the consensus estimate of $620.7 million.
KLA-Tencor also announced today a plan to significantly accelerate its strategy to drive stockholder returns. As part of the Company's ongoing commitment to deliver stockholder value, the Board of Directors has authorized the financing of a leveraged recapitalization, which would feature a special cash dividend of $16.50 per share, representing approximately 23% of the Company's common stock price as of October 22, 2014, or an aggregate value of approximately $2.75... More
