Equities analysts expect that KLA-Tencor Corp (NASDAQ:KLAC) will report $1.35 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for KLA-Tencor’s earnings. KLA-Tencor reported sales of $1.09 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.9%. The firm is expected to report its next quarterly earnings results on Monday, November 4th.
On average, analysts expect that KLA-Tencor will report full year sales of $5.54 billion for the current year, with estimates ranging from $5.39 billion to $5.68 billion. For the next fiscal year, analysts expect that the company will post sales of $5.86 billion, with estimates ranging from $5.80 billion to $5.92 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover KLA-Tencor.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings data on Monday, August 5th. The semiconductor company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm earned $2.22 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year.
A number of brokerages recently issued reports on KLAC. JPMorgan Chase & Co. raised their price target on KLA-Tencor from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. KeyCorp raised their price target on KLA-Tencor from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America restated a “buy” rating and issued a $150.00 price target (up from $140.00) on shares of KLA-Tencor in a research report on Tuesday, August 6th. Goldman Sachs Group downgraded KLA-Tencor from a “neutral” rating to a “sell” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Co lifted their target price on KLA-Tencor from $120.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $149.35.
In other news, SVP Virendra A. Kirloskar sold 1,988 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $130.46, for a total value of $259,354.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 1,505 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $151.58, for a total value of $228,127.90. The disclosure for this sale can be found here. Insiders sold a total of 42,807 shares of company stock worth $5,860,097 in the last ninety days. 0.19% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in KLAC. Victory Capital Management Inc. grew its stake in KLA-Tencor by 5,663.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,326,920 shares of the semiconductor company’s stock worth $156,842,000 after buying an additional 1,303,895 shares during the last quarter. Nuveen Asset Management LLC grew its stake in KLA-Tencor by 27,967.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,186,409 shares of the semiconductor company’s stock worth $140,234,000 after buying an additional 1,182,182 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in KLA-Tencor by 35.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,377,593 shares of the semiconductor company’s stock worth $281,031,000 after buying an additional 619,019 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in KLA-Tencor by 19.2% during the 1st quarter. Pictet Asset Management Ltd. now owns 3,545,429 shares of the semiconductor company’s stock worth $423,360,000 after buying an additional 571,970 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of KLA-Tencor by 4.8% in the 1st quarter. BlackRock Inc. now owns 11,778,110 shares of the semiconductor company’s stock valued at $1,406,425,000 after purchasing an additional 541,351 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Shares of KLAC stock traded up $1.17 on Wednesday, reaching $151.49. The company’s stock had a trading volume of 61,689 shares, compared to its average volume of 1,625,064. The stock’s fifty day simple moving average is $141.10 and its 200-day simple moving average is $123.40. KLA-Tencor has a 1 year low of $80.65 and a 1 year high of $155.33. The company has a current ratio of 2.44, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $23.83 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.98%. The ex-dividend date was Wednesday, August 14th. KLA-Tencor’s payout ratio is 35.46%.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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