Summary: KLA-Tencor Corp. - S&P Global Ratings’ Credit Research

Summary: KLA-Tencor Corp.

Summary: KLA-Tencor Corp. - S&P Global Ratings’ Credit Research
Summary: KLA-Tencor Corp.
Published Oct 31, 2016
6 pages (2017 words) — Published Oct 31, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Leading market position in process control and yield management solutions within the semiconductor capital equipment industry High industry volatility and technology risks Strong and long-term customer relationships Strong free operating cash flow (FOCF) partly offset by meaningful dividend payments Strong liquidity with $2.5 billion cash and investments on hand Adjusted leverage near the mid-1x area The stable outlook reflects our view that KLA-Tencor Corp. will be able to maintain its strong market position in the process control and yield management segments of the semiconductor capital equipment industry while generating funds from operations (FFO) to debt of above 30% and maintaining adjusted leverage below 3x. We could lower our ratings on the company if a pronounced industry contraction hampers its business

  
Brief Excerpt:

...Leading market position in process control and yield management solutions within the semiconductor capital equipment industry...

  
Report Type:

Summary

Ticker
KLAC
Issuer
KLA Corp.
GICS
Semiconductor Equipment (45301010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: KLA-Tencor Corp." Oct 31, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-KLA-Tencor-Corp-1763997>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: KLA-Tencor Corp. Oct 31, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-KLA-Tencor-Corp-1763997>
  
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