KLA-Tencor Corp. (KLAC) Announces Quarterly Results
KLA-Tencor Corp. (NASDAQ:KLAC) released its earnings data on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06, StockRatingsNetwork reports. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $705.06 million. During the same quarter last year, the company posted $0.63 earnings per share. KLA-Tencor Corp.’s revenue was up 4.8% compared to the same quarter last year.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded down 0.20% during mid-day trading on Thursday, hitting $63.53. 1,871,284 shares of the company’s stock traded hands. KLA-Tencor Corp. has a 52-week low of $50.23 and a 52-week high of $67.05. The stock has a 50-day moving average of $62.83 and a 200-day moving average of $61.21. The company has a market cap of $10.587 billion and a price-to-earnings ratio of 20.74.
A number of research firms have recently commented on KLAC. Analysts at Jefferson Research upgraded shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. On a related note, analysts at UBS AG raised their price target on shares of KLA-Tencor Corp. from $63.50 to $70.00 in a research note to investors on Monday, October 28th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of KLA-Tencor Corp. in a research note to investors on Monday, October 28th. They now have a $67.00 price target on the stock. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. KLA-Tencor Corp. has a consensus rating of “Buy” and a consensus price target of $64.64.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.