Needham & Company Upgrades KLA-Tencor (KLAC) to Buy; Sees Positive Risk/Reward Following Merger Termination
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Lam Research (LRCX): RBC Sees $400-$500M Buyback, Tuck-In Acquisitions as KLA Deal Terminates
October 6, 2016 1:10 PM EDTRBC Capital analyst Amit Daryanani said with the Lam Research (NASDAQ: LRCX)/KLA Tencor (NASDAQ: KLAC) deal terminated, they beleiver LRCX could utilize incremental cash flow toward a sizable ($400-$500M?) buyback and also see a higher... More
Needham & Company Boosts PT on Lam Research (LRCX) to $115 Following KLA-Tencor Merger Termination
October 6, 2016 12:10 PM EDTNeedham & Company lifts its price target on Buy-rated Lam Research (Nasdaq: LRCX) from $105 to $115 following termination of its merger with KLA-Tencor (Nasdaq: KLAC), as announced late Wednesday.
The firm commented today, We reiterate our... More
Buy KLA-Tencor (KLAC) Following Lam Research (LRCX) Merger Termination - Cowen
October 6, 2016 6:39 AM EDTCowen and Company recommends to buy KLA-Tencor (Nasdaq: KLAC) failing the terminated merger with Lam Research (Nasdaq: LRCX) on Wednesday night.
Analyst Tim Arcuri commented: Merger termination is consistent w/the likely outcome we laid out in our 8/29/16 upgrade of KLAC and again yesterday. As we indicated, though the merger was no worse than a 50/50 proposition from a regulatory... More
KLA-Tencor (KLAC) Hikes Qtr. Dividend 3.9% to 54c/Share; Yields 1.9%
October 6, 2016 6:10 AM EDTKLA-Tencor (Nasdaq: KLAC) announced that its board of directors has authorized an increase of the level of the company's quarterly dividend from $0.52 to $0.54 per share. This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in November 2016. This... More
KLA-Tencor (KLAC) to Raise Dividend to $0.54/Share from $0.52/Share
October 5, 2016 6:04 PM EDTKLA-Tencor Corporation (Nasdaq: KLAC) today announced that its board of directors has authorized an increase of the level of the company's quarterly dividend from $0.52 to $0.54 per share. This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in November... More
KLA-Tencor (KLAC) Terminates Merger with Lam Research (LRCX)
October 5, 2016 6:01 PM EDTKLA-Tencor Corporation (NASDAQ: KLAC) and Lam Research Corp. (NASDAQ: LRCX) today announced that they have agreed to terminate their proposed merger agreement. The parties decided to it was not in the best interests of their respective stakeholders to continue pursuing the merger after the U.S. Department of Justice (the "DOJ") advised KLA-Tencor and Lam Research that it would not continue... More
