$920.11 Million in Sales Expected for KLA-Tencor Corporation (KLAC) This Quarter
Wall Street analysts expect KLA-Tencor Corporation (NASDAQ:KLAC) to report $920.11 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for KLA-Tencor Corporation’s earnings, with the lowest sales estimate coming in at $915.74 million and the highest estimate coming in at $930.00 million. KLA-Tencor Corporation posted sales of $919.17 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 27th.
According to Zacks, analysts expect that KLA-Tencor Corporation will report full-year sales of $920.11 million for the current year, with estimates ranging from $3.46 billion to $3.47 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.92 billion per share, with estimates ranging from $3.85 billion to $4.05 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.08. KLA-Tencor Corporation had a return on equity of 106.36% and a net margin of 27.20%. The company had revenue of $914 million for the quarter, compared to analyst estimates of $895.69 million. During the same period in the previous year, the company posted $1.15 earnings per share. The firm’s revenue was up 28.4% on a year-over-year basis.
Several analysts have issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $100.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. B. Riley reaffirmed a “buy” rating and set a $115.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, April 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $102.00 target price (up previously from $92.00) on shares of KLA-Tencor Corporation in a research report on Monday, June 19th. Deutsche Bank AG reissued a “hold” rating and issued a $100.00 price objective (up previously from $85.00) on shares of KLA-Tencor Corporation in a research report on Saturday, April 29th. Finally, Cowen and Company raised their price objective on KLA-Tencor Corporation from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.83.
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Shares of KLA-Tencor Corporation (NASDAQ KLAC) opened at 97.95 on Friday. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of 16.35 and a beta of 1.61. KLA-Tencor Corporation has a 52-week low of $66.88 and a 52-week high of $109.59. The company’s 50 day moving average price is $102.14 and its 200 day moving average price is $91.78.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $0.54 dividend. The ex-dividend date was Thursday, May 11th. This represents a $2.16 dividend on an annualized basis and a yield of 2.21%. KLA-Tencor Corporation’s dividend payout ratio (DPR) is 36.06%.
In related news, Director Kevin Kennedy sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $99.09, for a total value of $247,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bobby R. Bell sold 5,695 shares of KLA-Tencor Corporation stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $100.54, for a total value of $572,575.30. Following the transaction, the insider now owns 1 shares of the company’s stock, valued at approximately $100.54. The disclosure for this sale can be found here. Insiders sold a total of 9,858 shares of company stock valued at $986,284 in the last 90 days. 0.26% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock worth $1,566,668,000 after buying an additional 482,997 shares during the last quarter. Primecap Management Co. CA raised its position in KLA-Tencor Corporation by 1.0% in the first quarter. Primecap Management Co. CA now owns 14,149,226 shares of the semiconductor company’s stock worth $1,345,167,000 after buying an additional 140,530 shares during the last quarter. BlackRock Inc. raised its position in KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock worth $1,059,142,000 after buying an additional 10,573,812 shares during the last quarter. State Street Corp raised its position in KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock worth $656,105,000 after buying an additional 436,022 shares during the last quarter. Finally, American International Group Inc. raised its position in KLA-Tencor Corporation by 1.3% in the first quarter. American International Group Inc. now owns 5,351,000 shares of the semiconductor company’s stock worth $508,720,000 after buying an additional 66,248 shares during the last quarter. Institutional investors and hedge funds own 91.93% of the company’s stock.
About KLA-Tencor Corporation
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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