UBS Boosts PT on KLA-Tencor (KLAC); Order Miss Expected, Will Be More Leveraged to Foundry

Article Related Press Releases (1) Related Articles (1) Related SEC Filings (1) Stock Quotes (1) Comments (0)

UBS keeps its Buy rating on KLA-Tencor (NASDAQ: KLAC), while trimming its price target from $60 down to $56.

UBS said that KLA met internal EPS and revs expectations, but shipments and orders were at the low-end of expectations. The firm said NAND orders out of Taiwan were down about 63 percent from the prior quarter, so no surprise from the order number reported.

On guidance, UBS thinks KLA will be more levered to foundry customer CapEx at the next 20-nm node, which should help it to outgrow the industry.

UBS moves FY13 EPS from $4.60 to $2.95 and FY14 EPS from $4.55 down to $4.20.

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 $47.14 yesterday, with a 52 week range of $42.08-$55.43.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• Wells Fargo Upgrades Rosetta Resources (ROSE) to Outperform, Shares Attractive
• Pier 1 Imports (PIR) Sets Sights on Growing Ecommerce

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

UBS

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?