KLA-Tencor pullback a buying opportunity, says Citigroup Citigroup views the post-earnings pullback in shares of KLA-Tencor as a buying opportunity. Citi believes the weaker than expected September quarter outlook is not indicative of the company's long-term earnings power. It raised its price target for shares to $85 from $82 and keeps a Buy rating on the stock.
Pacific Crest identifies favorite semiconductor stocks Pacific crest says that the semiconductor sector is being stymied by decade-high inventory levels and uncertain demand. In the current environment, the firm expects semiconductor stocks with high dividend yields and ongoing cost-reduction initiatives to outperform. It identifies Maxim Integrated (MXIM), Cypress Semiconductor (CY), Applied Materials (AMAT), and KLA-Tencor (KLAC) as its favorite names in the sector. It keeps Overweight ratings on all the stocks named.