Analyse KLA-Tencor stock

Adjusted price target: EUR 154.00
Verdict: The consensus price target of EUR 176.71 is formally still close to the permissible range, but in view of the available key figures it seems too high or not conservative enough. Compared to the current price of 205.87 EUR, my target implies further downward potential because the valuation of P/E ratio 56.32 is very demanding for a cyclical semiconductor supplier.

Quantitative plausibility check
1) History / technology: The range between 52W-low 72.74 EUR and 52W high 268.65 EUR shows extreme volatility. The current price is well below the high, but still well a...