KLA-Tencor Corp. (KLAC) Set to Announce Quarterly Earnings on Thursday
KLA-Tencor Corp. (NASDAQ:KLAC) is scheduled to be announcing its Q117 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $735.01 million for the quarter.
KLA-Tencor Corp. (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.35. KLA-Tencor Corp. had a net margin of 23.60% and a return on equity of 159.94%. The firm earned $919.17 million during the quarter, compared to analysts’ expectations of $842.10 million. During the same period last year, the business earned $0.99 earnings per share. KLA-Tencor Corp.’s revenue was up 21.5% compared to the same quarter last year. On average, analysts expect KLA-Tencor Corp. to post $4.92 EPS for the current fiscal year and $5.50 EPS for the next fiscal year.
Shares of KLA-Tencor Corp. (NASDAQ:KLAC) opened at 72.09 on Wednesday. The company’s 50-day moving average is $70.44 and its 200 day moving average is $71.82. The firm has a market capitalization of $11.25 billion, a PE ratio of 16.06 and a beta of 1.75. KLA-Tencor Corp. has a 52-week low of $62.33 and a 52-week high of $77.85.
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A number of hedge funds and other institutional investors have recently made changes to their positions in KLAC. BlackRock Fund Advisors increased its position in shares of KLA-Tencor Corp. by 10.6% in the second quarter. BlackRock Fund Advisors now owns 2,783,074 shares of the company’s stock valued at $203,860,000 after buying an additional 267,092 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in KLA-Tencor Corp. during the second quarter worth approximately $13,009,000. Marshall Wace LLP increased its position in KLA-Tencor Corp. by 157.6% in the second quarter. Marshall Wace LLP now owns 198,075 shares of the company’s stock worth $14,509,000 after buying an additional 121,170 shares in the last quarter. National Pension Service increased its position in KLA-Tencor Corp. by 56,861.0% in the second quarter. National Pension Service now owns 121,327 shares of the company’s stock worth $8,887,000 after buying an additional 121,114 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in KLA-Tencor Corp. by 165.9% in the second quarter. State of Tennessee Treasury Department now owns 193,170 shares of the company’s stock worth $14,150,000 after buying an additional 120,525 shares in the last quarter. 85.77% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on KLAC. B. Riley restated a “neutral” rating and set a $78.00 target price on shares of KLA-Tencor Corp. in a research report on Thursday, July 28th. JPMorgan Chase & Co. restated a “buy” rating on shares of KLA-Tencor Corp. in a research report on Wednesday, August 17th. Zacks Investment Research upgraded shares of KLA-Tencor Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Cowen and Company boosted their target price on shares of KLA-Tencor Corp. from $70.00 to $79.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Finally, Berenberg Bank upgraded shares of KLA-Tencor Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, October 6th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $76.21.
About KLA-Tencor Corp.
KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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