KLA-Tencor (KLAC) Tops Q4 EPS by 8c
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Piper Jaffray Cuts Price Target on KLA-Tencor (KLAC) to $63 Following EPS Beat
July 31, 2015 9:33 AM EDTPiper Jaffray maintained an Overweight rating on KLA-Tencor (NASDAQ: KLAC), and cut the price target to $63.00 (from $74.00), following earnings report. KLAC reported revenues and non-GAAP EPS of $756M and $0.99, ahead of consensus of $752M and $0.91. KLAC guided Sept. 2015 revenue and non-GAAP EPS at $595-$655M and $0.46-$0.66, below consensus of $733M... More
KLA-Tencor (KLAC) PT Trimmed to $56 at Susquehanna Post Q4
July 31, 2015 7:24 AM EDTSusquehanna analyst Mehdi Hosseini lowered his price target on Neutral-rated KLA-Tencor (NASDAQ: KLAC) to $56 (from $60.00) following Q4 results.
The analyst commented, "KLAC's report and commentary is pretty much in-line with our expectations and preview; Moore's Law is slowing simply because of affordability (or lack of it) and that is adversely impacting foundry/logic spending. Unfortunately, some of our... More
