Zacks: Analysts Anticipate KLA-Tencor Corporation (KLAC) Will Post Quarterly Sales of $937.64 Million
Equities analysts expect that KLA-Tencor Corporation (NASDAQ:KLAC) will announce sales of $937.64 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for KLA-Tencor Corporation’s earnings, with estimates ranging from $920.00 million to $944.10 million. KLA-Tencor Corporation reported sales of $750.67 million during the same quarter last year, which indicates a positive year-over-year growth rate of 24.9%. The business is expected to announce its next earnings results on Thursday, October 19th.
On average, analysts expect that KLA-Tencor Corporation will report full year sales of $937.64 million for the current financial year, with estimates ranging from $3.85 billion to $4.05 billion. For the next year, analysts anticipate that the company will post sales of $4.12 billion per share, with estimates ranging from $3.94 billion to $4.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The firm had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. During the same quarter in the prior year, the company posted $1.77 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis.
KLAC has been the topic of a number of recent analyst reports. Stifel Nicolaus raised KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $103.00 to $106.00 in a report on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Cowen and Company reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. KLA-Tencor Corporation has an average rating of “Hold” and a consensus target price of $99.40.
In related news, insider Richard P. Wallace sold 37,377 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the transaction, the insider now owns 58,831 shares in the company, valued at approximately $5,345,384.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brian Lorig sold 2,893 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $95.24, for a total value of $275,529.32. Following the transaction, the senior vice president now owns 566 shares in the company, valued at approximately $53,905.84. The disclosure for this sale can be found here. In the last three months, insiders sold 83,350 shares of company stock valued at $7,560,869. 0.26% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Sun Life Financial INC grew its holdings in shares of KLA-Tencor Corporation by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 1,144 shares during the period. Grove Bank & Trust grew its stake in shares of KLA-Tencor Corporation by 30.2% in the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after buying an additional 290 shares during the last quarter. Invictus RG purchased a new stake in shares of KLA-Tencor Corporation in the 1st quarter worth approximately $202,000. Checchi Capital Advisers LLC grew its stake in shares of KLA-Tencor Corporation by 2.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock worth $202,000 after buying an additional 44 shares during the last quarter. Finally, GWM Advisors LLC purchased a new stake in shares of KLA-Tencor Corporation in the 1st quarter worth approximately $209,000. Hedge funds and other institutional investors own 89.18% of the company’s stock.
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Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up 1.21% during trading on Friday, reaching $98.64. The company’s stock had a trading volume of 2,448,940 shares. The stock’s 50 day moving average price is $92.53 and its 200 day moving average price is $96.65. The company has a market cap of $15.47 billion, a PE ratio of 16.78 and a beta of 1.62. KLA-Tencor Corporation has a 52 week low of $68.43 and a 52 week high of $109.59.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, August 11th. This is a positive change from KLA-Tencor Corporation’s previous quarterly dividend of $0.54. KLA-Tencor Corporation’s payout ratio is 40.14%.
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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