KLA-Tencor Corp (NASDAQ:KLAC) – Investment analysts at KeyCorp increased their Q1 2019 earnings estimates for shares of KLA-Tencor in a research report issued to clients and investors on Sunday, Zacks Investment Research reports. KeyCorp analyst W. Twigg now expects that the semiconductor company will post earnings of $1.80 per share for the quarter, up from their previous estimate of $1.75. KeyCorp currently has a “Overweight” rating and a $134.00 target price on the stock. KeyCorp also issued estimates for KLA-Tencor’s Q2 2019 earnings at $1.95 EPS, Q3 2019 earnings at $2.01 EPS, Q4 2019 earnings at $2.03 EPS and FY2019 earnings at $7.79 EPS.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a net margin of 27.82% and a return on equity of 84.61%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $946.86 million. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year.
A number of other analysts have also weighed in on KLAC. BidaskClub lowered shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC lowered shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 target price on the stock. in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $121.00 target price on the stock in a research note on Monday, October 16th. Stifel Nicolaus increased their price target on shares of KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Citigroup increased their price target on shares of KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. KLA-Tencor has a consensus rating of “Hold” and an average target price of $110.95.
Shares of KLA-Tencor (NASDAQ KLAC) opened at $107.29 on Tuesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. KLA-Tencor has a one year low of $79.20 and a one year high of $114.43. The firm has a market cap of $16,648.65, a P/E ratio of 16.43 and a beta of 1.63.
In other news, EVP Teri A. Little sold 1,678 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $109.44, for a total value of $183,640.32. Following the completion of the sale, the executive vice president now directly owns 8,452 shares of the company’s stock, valued at $924,986.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emiko Higashi sold 500 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $101.26, for a total value of $50,630.00. Following the completion of the sale, the director now directly owns 15,229 shares of the company’s stock, valued at $1,542,088.54. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $3,191,064 over the last quarter. 0.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of KLA-Tencor by 300.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 750 shares during the period. Sun Life Financial INC lifted its holdings in shares of KLA-Tencor by 14,300.0% during the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,144 shares during the period. Bristlecone Advisors LLC acquired a new stake in shares of KLA-Tencor during the third quarter worth $148,000. Edge Advisors LLC lifted its holdings in shares of KLA-Tencor by 77.8% during the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 872 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of KLA-Tencor during the third quarter worth $212,000. 90.60% of the stock is owned by institutional investors and hedge funds.
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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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