KLA-Tencor Corporation (KLAC) Expected to Announce Quarterly Sales of $941.64 Million
Equities analysts expect KLA-Tencor Corporation (NASDAQ:KLAC) to report $941.64 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for KLA-Tencor Corporation’s earnings, with the highest sales estimate coming in at $944.10 million and the lowest estimate coming in at $939.92 million. KLA-Tencor Corporation posted sales of $750.67 million in the same quarter last year, which suggests a positive year-over-year growth rate of 25.4%. The business is scheduled to report its next quarterly earnings results on Thursday, October 19th.
According to Zacks, analysts expect that KLA-Tencor Corporation will report full-year sales of $941.64 million for the current year, with estimates ranging from $3.85 billion to $4.05 billion. For the next year, analysts forecast that the business will post sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. During the same quarter in the prior year, the company posted $1.77 EPS. The firm’s revenue was up 2.1% on a year-over-year basis.
A number of equities analysts recently commented on the company. Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and lifted their price target 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 report on Thursday, August 31st. Cowen and Company reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. BidaskClub cut KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. KLA-Tencor Corporation currently has an average rating of “Hold” and a consensus target price of $99.68.
In other news, CFO Bren D. Higgins sold 314 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total transaction of $29,154.90. Following the completion of the sale, the chief financial officer now owns 314 shares in the company, valued at $29,154.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Virendra A. Kirloskar sold 6,307 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $562,269.05. Following the sale, the senior vice president now owns 2,022 shares of the company’s stock, valued at approximately $180,261.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,512 shares of company stock valued at $7,726,826. Corporate insiders own 0.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. raised its position in shares of KLA-Tencor Corporation by 80.1% in the third quarter. Eqis Capital Management Inc. now owns 14,444 shares of the semiconductor company’s stock valued at $1,531,000 after buying an additional 6,424 shares in the last quarter. Navellier & Associates Inc raised its position in shares of KLA-Tencor Corporation by 1.2% in the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 30 shares in the last quarter. USA Financial Portformulas Corp raised its position in shares of KLA-Tencor Corporation by 76.9% in the second quarter. USA Financial Portformulas Corp now owns 71,741 shares of the semiconductor company’s stock valued at $6,565,000 after buying an additional 31,195 shares in the last quarter. Toronto Dominion Bank raised its position in shares of KLA-Tencor Corporation by 25.6% in the second quarter. Toronto Dominion Bank now owns 53,105 shares of the semiconductor company’s stock valued at $4,858,000 after buying an additional 10,813 shares in the last quarter. Finally, Oak Associates Ltd. OH raised its position in shares of KLA-Tencor Corporation by 3.7% in the second quarter. Oak Associates Ltd. OH now owns 503,548 shares of the semiconductor company’s stock valued at $46,080,000 after buying an additional 18,101 shares in the last quarter. Institutional investors own 89.16% of the company’s stock.
KLA-Tencor Corporation (KLAC) opened at 103.00 on Thursday. KLA-Tencor Corporation has a 52-week low of $70.37 and a 52-week high of $109.59. The company’s 50 day moving average price is $96.65 and its 200 day moving average price is $97.61. The firm has a market cap of $16.15 billion, a PE ratio of 17.52 and a beta of 1.68.
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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