NEW YORK (TheStreet) -- KLA-Tencor (KLAC) - Get Report price target was lowered to $58 from $67 at Credit Suisse while reiterating its "neutral" rating.

The firm also lowered its 2016 earnings estimate to $3.07 from $3.74 per share.

Yesterday, KLA-Tencor reported its 2015 fourth quarter financial results with earnings of $0.99 per share on revenue of $756 million. This compares to earnings of $0.80 per share on revenue of $734 million for the same period one year ago.

Credit Suisse noted that revenue and EPS beat the firm's estimates at $750 million and $0.90 earnings per share, versus Wall Street estimates of $752 million and $0.91 earnings per share.

"While we continue to like the company for management, high margins and continued market dominance in wafer inspection, and concerns around process control process control intensity," Credit Suisse analysts said.

KLA-Tencor, Milpitas, CA, is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries.

Shares of KLA are rising 0.85% to $52.50 in morning trading Friday.

Separately, TheStreet Ratings team rates KLA-TENCOR CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate KLA-TENCOR CORP (KLAC) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.

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