Analysts forecast that KLA-Tencor Corp (NASDAQ:KLAC) will announce earnings per share (EPS) of $1.72 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for KLA-Tencor’s earnings, with estimates ranging from $1.71 to $1.76. KLA-Tencor posted earnings of $1.52 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.2%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that KLA-Tencor will report full year earnings of $7.31 per share for the current financial year, with EPS estimates ranging from $7.20 to $7.57. For the next financial year, analysts forecast that the firm will post earnings of $7.67 per share, with EPS estimates ranging from $7.55 to $7.79. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover KLA-Tencor.
KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. KLA-Tencor’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 EPS.
Several equities research analysts have weighed in on KLAC shares. Goldman Sachs Group cut KLA-Tencor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $108.00 to $97.00 in a report on Wednesday, September 13th. KeyCorp reiterated a “hold” rating on shares of KLA-Tencor in a report on Sunday, October 15th. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a report on Monday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor in a report on Thursday, October 19th. Finally, Stifel Nicolaus increased their price objective on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $110.32.
In other news, Director Emiko Higashi sold 500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the transaction, the director now owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ahmad A. Khan sold 3,652 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $102.20, for a total value of $373,234.40. The disclosure for this sale can be found here. Insiders sold a total of 30,664 shares of company stock valued at $3,191,064 in the last three months. Corporate insiders own 0.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in KLA-Tencor by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after buying an additional 402,970 shares in the last quarter. Janus Henderson Group PLC increased its position in KLA-Tencor by 4.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after buying an additional 208,499 shares in the last quarter. Pictet Asset Management Ltd. increased its position in KLA-Tencor by 46.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after buying an additional 770,480 shares in the last quarter. Northern Trust Corp increased its position in KLA-Tencor by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock valued at $181,960,000 after buying an additional 6,922 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in KLA-Tencor by 375.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after buying an additional 885,147 shares in the last quarter. 90.63% of the stock is owned by institutional investors.
Shares of KLA-Tencor (NASDAQ KLAC) opened at $109.86 on Wednesday. KLA-Tencor has a fifty-two week low of $77.86 and a fifty-two week high of $114.43. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The firm has a market capitalization of $16,855.50, a P/E ratio of 16.35 and a beta of 1.63.
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KLA-Tencor Company Profile
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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