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KLAC $629.37

KLAC target price
629.37
90
480
KLA-Tencor Corporation
Type
Public
Traded as
  • NASDAQ: KLAC
  • NASDAQ-100 component
  • S&P 500 component
Industry Semiconductor Equipment & Materials
Founded 1997 (merger of KLA and Tencor)
Headquarters Milpitas, California, United States
Key people
Edward W. Barnholt, Chairman
Richard P. Wallace, CEO and President
Products Process control systems and solutions that support semiconductor, wafer, reticle and other related industries.
Revenue
  • Decrease US$ 2,984,493 million (2016)
  • Increase US$ 2,814,049 million (2015)
Operating income
  • Decrease US$ 960,445 million (2016)
  • Increase US$ 661,340 million (2015)
Net income
  • Decrease US$ 704,422 million (2016)
  • Increase US$ 366,158 million (2015)
Total assets
  • Decrease US$ 4,962,432 million (2016)
  • Increase US$ 4,826,012 million (2015)
Total equity
  • Decrease US$ 689,114 million (2016)
  • Increase US$ 421,439 million (2015)
Number of employees
6,000 (2017)
Website www.kla-tencor.com

KLA-Tencor Corporation is a global capital equipment company based in Milpitas, California. It supplies process control and yield management systems for the semiconductor industry and other related nanoelectronics industries. The company's products and services are intended for all phases of wafer, reticle, integrated circuit (IC) and packaging production, from research and development to final volume manufacturing.

KLA-Tencor’s products and services are used by the vast majority of bare wafer, IC, reticle and disk manufacturers around the world. These customers rely on KLA-Tencor’s inline unpatterned and patterned wafer defect monitoring, review and classification; reticle defect inspection and metrology; packaging and interconnect inspection; critical dimension (CD) metrology; pattern overlay metrology; film thickness, surface topography and composition measurements; measurement of in-chamber process conditions; wafer shape and stress metrology; computational lithography tools; and, overall yield and fab-wide data management and analysis systems.

KT Services is the company’s global service network that maintains the productivity and performance of the extensive installed base of KLA-Tencor tools.

In 2000 the company formally established the KLA-Tencor Foundation, its philanthropic arm. KLA-Tencor Foundation supports and benefits the global communities in which KLA-Tencor employees live and work.

KLA-Tencor was formed in 1997 through the merger of KLA Instruments and Tencor Instruments, two companies in the semiconductor equipment and yield management systems industry. KLA Instruments was founded in 1975 by Ken Levy and Bob Anderson, and focused on defect inspection solutions. Karel Urbanek established Tencor Instruments in 1977 with an emphasis on metrology solutions, later adding John Schwabacher as cofounder.

Since the merger, which was valued at $1.3 billion, KLA-Tencor has acquired 19 additional companies:

In October 2015, Lam Research Corporation announced plans to buy KLA-Tencor for $10.6B, in what was viewed as a semiconductor industry consolidation move. In October 2016, the company announced it had terminated its offer for KLA-Tencor amidst concerns that the deal would not meet regulatory approval from the U.S. Department of Justice over antitrust concerns.

KLA-Tencor’s defect inspection and metrology products and related offerings can be broadly categorized into the following groups: Chip Manufacturing, Reticle Manufacturing, Data Storage Media/Head Manufacturing, LED Manufacturing, Compound Semiconductor Manufacturing, Microelectromechanical Systems (“MEMS”) Manufacturing, and Surface Profilometry and Metrology. KLA-Tencor also provides refurbished tools as part of its K-T Certified™ program

The market for yield management and process control systems is characterized by rapid technology development and product innovation. KLA-Tencor employs a large staff of full-time engineers and scientists and invests heavily in product research and development.

KLA-Tencor's global operations include manufacturing, support and R&D facilities throughout Europe, the United States, Japan and Asia/Pacific.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2023 2023-04-27 Future report Set alerts
Q1 2023 2022-10-26 7.06 7.06
Q4 2022 2022-07-28 5.81 5.81
Q3 2022 2022-04-28 5.13 5.13
Q2 2022 2022-01-27 5.59 5.59
Q1 2022 2021-10-27 4.64 4.64
Q4 2021 2021-07-29 4.43 4.43
Q3 2021 2021-04-29 3.85 3.85
Q2 2021 2021-02-03 3.24 3.24
Q1 2021 2020-10-28 3.03 3.03

Ratings

2016-05-02 Reiterated Rating B. Riley Neutral $72.00
2016-04-27 Boost Price Target Cowen and Company Market Perform $67.00 to $70.00
2016-04-27 Reiterated Rating B. Riley Neutral $72.00
2016-02-04 Reiterated Rating B. Riley Neutral $67.00
2016-01-31 Reiterated Rating Credit Suisse Hold
2016-01-31 Reiterated Rating Deutsche Bank Hold
2016-01-31 Reiterated Rating Nomura Neutral $67.00
2016-01-31 Reiterated Rating Credit Suisse Group AG Hold
2016-01-31 Reiterated Rating Deutsche Bank AG Hold
2016-01-31 Reiterated Rating Nomura Holdings Inc. Neutral $67.00
2016-01-30 Reiterated Rating B. Riley Neutral $67.00
2016-01-25 Reiterated Rating B. Riley Neutral $67.00
2015-11-10 Boost Price Target Susquehanna Neutral $56.00 to $67.00
2015-10-27 Reiterated Rating B. Riley Neutral $67.00
2015-10-26 Downgrade Nomura Buy to Neutral $67.00
2015-10-23 Upgrade Citigroup Inc. Sell to Neutral
2015-10-22 Downgrade Needham & Company LLC Buy to Hold
2015-10-22 Downgrade Piper Jaffray Overweight to Neutral $63.00 to $67.00
2015-10-22 Boost Price Target RBC Capital Sector Perform $51.00 to $60.00
2015-10-22 Reiterated Rating Cowen and Company Market Perform $60.00 to $67.00
2015-10-22 Reiterated Rating B. Riley Neutral $57.00 to $67.00
2015-10-22 Downgrade Piper Jaffray Cos. Overweight to Neutral $63.00 to $67.00
2015-10-22 Boost Price Target Royal Bank Of Canada Sector Perform $51.00 to $60.00
2015-10-13 Lower Price Target JPMorgan Chase & Co. $68.00 to $64.00
2015-10-12 Reiterated Rating Deutsche Bank Hold
2015-10-09 Lower Price Target Needham & Company LLC Buy $62.00 to $59.00
2015-09-25 Upgrade Credit Agricole Underperform to Outperform
2015-09-25 Upgrade CLSA Underperform to Outperform
2015-09-25 Upgrade Credit Agricole SA Underperform to Outperform
2015-09-22 Upgrade Nomura Neutral to Buy $60.00
2015-09-10 Reiterated Rating Piper Jaffray Buy
2015-08-03 Reiterated Rating Piper Jaffray Overweight $74.00 to $63.00
2015-08-02 Reiterated Rating RBC Capital Hold
2015-08-02 Reiterated Rating Cowen and Company Hold
2015-08-02 Reiterated Rating Susquehanna Neutral $60.00 to $56.00
2015-07-31 Reiterated Rating Credit Suisse Hold $67.00 to $58.00
2015-07-31 Reiterated Rating B. Riley Neutral $57.00
2015-07-31 Lower Price Target Cowen and Company Market Perform $64.00 to $60.00
2015-07-31 Lower Price Target RBC Capital Sector Perform $62.00 to $51.00
2015-07-28 Downgrade Citigroup Inc. Neutral to Sell
2015-07-10 Lower Price Target Susquehanna Neutral $62.00 to $60.00
2015-05-10 Reiterated Rating JPMorgan Chase & Co. Overweight
2015-05-01 Reiterated Rating B. Riley Neutral $66.00
2015-04-24 Reiterated Rating Nomura Neutral $70.00 to $65.00
2015-04-24 Lower Price Target Jefferies Group Hold $68.00 to $65.00
2015-04-24 Lower Price Target RBC Capital Sector Perform $73.00 to $62.00
2015-04-24 Lower Price Target Needham & Company LLC Buy $78.00 to $70.00
2015-04-24 Downgrade Citigroup Inc. Buy to Neutral $80.00 to $66.00
2015-04-24 Reiterated Rating B. Riley Neutral $66.00
2015-01-27 Downgrade BNP Paribas Outperform to Neutral $58.70 to $66.00
2015-01-23 Lower Price Target RBC Capital Sector Perform $75.00 to $73.00
2015-01-23 Lower Price Target Cowen and Company Market Perform $75.00 to $66.00
2015-01-23 Reiterated Rating B. Riley Neutral $75.00
2015-01-20 Reiterated Rating Credit Suisse Neutral $66.73
2014-12-08 Initiated Coverage Deutsche Bank Hold $68.00
2014-12-01 Reiterated Needham Buy $85 to $78
2014-12-01 Lower Price Target Needham & Company LLC Buy $85.00 to $78.00
2014-11-28 Initiated Coverage Berenberg Bank Hold $64.00
2014-11-20 Lower Price Target JPMorgan Chase & Co. Overweight $85.00 to $82.00
2014-11-17 Downgrade Credit Agricole Outperform to Underperform
2014-11-03 Reiterated Cowen Market Perform $73 to $75
2014-11-03 Boost Price Target Cowen and Company Market Perform $73.00 to $75.00
2014-10-27 Upgrade Susquehanna Negative to Neutral $46.00 to $65.00
2014-10-24 Downgrade Credit Suisse Outperform to Neutral $75.00 to $83.00
2014-10-24 Downgrade B. Riley Buy to Neutral
2014-10-03 Downgrade Evercore ISI Strong-Buy to Neutral $90.00 to $75.00
2014-07-25 Reiterated Rating Credit Suisse Outperform $72.00 to $75.00
2014-07-25 Reiterated Rating Citigroup Inc. Buy $82.00 to $85.00
2014-07-25 Reiterated Rating RBC Capital Sector Perform $65.00 to $67.00
2014-07-25 Boost Price Target Cowen and Company Market Perform $72.00 to $74.00
2014-07-25 Lower Price Target Jefferies Group Hold $75.00 to $71.00
2014-07-14 Upgrade Evercore ISI Neutral to Strong-Buy $72.00 to $90.00
2014-07-11 Reiterated Rating Jefferies Group Hold $69.00 to $75.00
2014-07-09 Initiated Coverage Piper Jaffray Overweight
2014-07-09 Upgrade Bank of America Buy $75.00 to $86.00
2014-07-09 Upgrade Bank of America Corp. Buy $75.00 to $86.00
2014-07-08 Reiterated Cowen Market Perform $67 to $74
2014-07-08 Boost Price Target Cowen and Company Market Perform $67.00 to $74.00
2014-06-30 Upgrade B. Riley Neutral to Buy $70.00 to $82.00
2014-06-27 Boost Price Target Needham & Company LLC Buy $70.00 to $80.00
2014-06-25 Reiterated Rating Citigroup Inc. Buy $75.00 to $82.00
2014-06-02 Initiated Coverage Jefferies Group Hold
2014-04-25 Reiterated Rating Nomura Neutral $70.00
2014-04-25 Lower Price Target Northland Securities Market Perform $69.00 to $62.00
2014-04-25 Downgrade B. Riley Buy to Neutral $70.00 to $65.00
2014-04-22 Reiterated Rating Citigroup Inc. Buy $75.00
2014-04-10 Initiated Coverage Evercore ISI Neutral $72.00
2014-04-08 Initiated Coverage Nomura Outperform to Sector Perform $72.00
2014-04-08 Downgrade Pacific Crest Outperform to Sector Perform
2014-03-20 Initiated Coverage Nomura Neutral $75.00
2014-02-03 Downgrade RBC Capital Outperform to Sector Perform $68.00 to $65.00
2014-01-24 Boost Price Target RBC Capital Outperform $65.00 to $68.00
2014-01-24 Boost Price Target Cowen and Company Market Perform $62.00 to $67.00
2013-10-25 Boost Price Target Pacific Crest Outperform $66.00 to $72.00
2013-10-25 Boost Price Target Northland Securities Market Perform $64.00 to $68.00
2013-10-25 Boost Price Target Needham & Company LLC Buy $65.00 to $72.00
2013-10-25 Boost Price Target Cowen and Company Market Perform $59.00 to $62.00
2013-10-14 Initiated Coverage JPMorgan Chase & Co. Underweight to Overweight $76.00
2013-03-26 Initiated Needham Buy $61
2011-10-28 Reiterated UBS Buy $45 to $60
2016-05-02 Reiterated Rating B. Riley Neutral $72.00
2016-04-27 Boost Price Target Cowen and Company Market Perform $67.00 to $70.00
2016-04-27 Reiterated Rating B. Riley Neutral $72.00
2016-02-04 Reiterated Rating B. Riley Neutral $67.00
2016-01-31 Reiterated Rating Credit Suisse Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
WALLACE RICHARD P President and CEO 0.03%  (43442) KLAC / NTAP / PFPT /
Higashi Emiko 0.01%  (9519) INVN / KLAC / RMBS /
KENNEDY KEVIN 0.01%  (8360) DLR / KLAC /