$1.62 EPS Expected for KLA-Tencor Corporation (KLAC) This Quarter
Wall Street brokerages predict that KLA-Tencor Corporation (NASDAQ:KLAC) will announce earnings of $1.62 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for KLA-Tencor Corporation’s earnings, with estimates ranging from $1.61 to $1.63. KLA-Tencor Corporation reported earnings per share of $1.16 during the same quarter last year, which would suggest a positive year over year growth rate of 39.7%. The company is expected to announce its next earnings report on Thursday, October 19th.
On average, analysts expect that KLA-Tencor Corporation will report full year earnings of $6.75 per share for the current fiscal year, with EPS estimates ranging from $6.56 to $7.10. For the next financial year, analysts forecast that the firm will post earnings of $7.11 per share, with EPS estimates ranging from $6.73 to $7.49. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The business had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. During the same period in the prior year, the company posted $1.77 earnings per share. KLA-Tencor Corporation’s revenue was up 2.1% compared to the same quarter last year.
Several analysts have weighed in on the company. BidaskClub cut KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Credit Suisse Group set a $115.00 price target on shares of KLA-Tencor Corporation and gave the stock a “buy” rating in a research note on Saturday, July 29th. B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Friday, July 28th. Cowen and Company reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $99.40.
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In other news, SVP Brian Lorig sold 2,893 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $95.24, for a total transaction of $275,529.32. Following the transaction, the senior vice president now owns 566 shares in the company, valued at $53,905.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Virendra A. Kirloskar sold 314 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $91.74, for a total value of $28,806.36. Following the transaction, the senior vice president now owns 611 shares in the company, valued at approximately $56,053.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,350 shares of company stock valued at $7,560,869. 0.20% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of KLAC. Sun Life Financial INC lifted its position in shares of KLA-Tencor Corporation by 14,300.0% during the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,144 shares during the last quarter. Grove Bank & Trust boosted its stake in 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 purchasing an additional 290 shares in the last quarter. Invictus RG acquired a new stake in KLA-Tencor Corporation in the 1st quarter worth approximately $202,000. Checchi Capital Advisers LLC boosted its stake in 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 purchasing an additional 44 shares in the last quarter. Finally, IBM Retirement Fund boosted its stake in KLA-Tencor Corporation by 33.6% in the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 584 shares in the last quarter. 89.16% of the stock is owned by institutional investors.
KLA-Tencor Corporation (KLAC) traded down 2.01% during mid-day trading on Tuesday, hitting $102.84. The stock had a trading volume of 1,727,935 shares. KLA-Tencor Corporation has a 52 week low of $70.02 and a 52 week high of $109.59. The stock has a market capitalization of $16.13 billion, a P/E ratio of 17.49 and a beta of 1.68. The company’s 50 day moving average is $95.98 and its 200-day moving average is $97.52.
KLA-Tencor Corporation Company Profile
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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