Wall Street analysts expect KLA-Tencor (NASDAQ:KLAC) to report sales of $1.05 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for KLA-Tencor’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.05 billion. KLA-Tencor posted sales of $938.65 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The firm is expected to announce its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that KLA-Tencor will report full year sales of $4.02 billion for the current year. For the next financial year, analysts forecast that the business will report sales of $4.38 billion per share, with estimates ranging from $4.30 billion to $4.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover KLA-Tencor.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, April 26th. The semiconductor company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.03. KLA-Tencor had a return on equity of 86.87% and a net margin of 18.17%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business earned $1.62 EPS. KLA-Tencor’s revenue was up 11.7% compared to the same quarter last year.
A number of research analysts recently issued reports on the company. Citigroup boosted their price target on KLA-Tencor from $122.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 30th. BidaskClub upgraded KLA-Tencor from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Cowen assumed coverage on KLA-Tencor in a report on Monday, May 14th. They set an “outperform” rating and a $140.00 price target on the stock. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a report on Monday, April 30th. Finally, Susquehanna Bancshares raised KLA-Tencor from a “negative” rating to a “neutral” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $127.93.
In other KLA-Tencor news, CFO Bren D. Higgins sold 854 shares of KLA-Tencor stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $112.92, for a total transaction of $96,433.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG boosted its position in shares of KLA-Tencor by 3.2% in the 4th quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock worth $138,902,000 after purchasing an additional 40,512 shares in the last quarter. Underhill Investment Management LLC bought a new stake in shares of KLA-Tencor in the 4th quarter worth approximately $257,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of KLA-Tencor by 52.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,066 shares of the semiconductor company’s stock worth $742,000 after purchasing an additional 2,425 shares in the last quarter. MANA Advisors LLC bought a new stake in shares of KLA-Tencor in the 4th quarter worth approximately $725,000. Finally, Geode Capital Management LLC boosted its position in shares of KLA-Tencor by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock worth $229,185,000 after purchasing an additional 218,032 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KLA-Tencor opened at $109.39 on Monday, MarketBeat reports. KLA-Tencor has a 1 year low of $87.93 and a 1 year high of $123.96. The stock has a market cap of $17.05 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.50. The company has a current ratio of 3.78, a quick ratio of 3.07 and a debt-to-equity ratio of 1.80.
KLA-Tencor announced that its board has authorized a stock buyback plan on Monday, March 19th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
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