Brokerages expect KLA-Tencor Corporation (NASDAQ:KLAC) to report earnings per share of $1.63 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for KLA-Tencor Corporation’s earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.61. KLA-Tencor Corporation posted earnings of $1.16 per share in the same quarter last year, which indicates a positive year over year growth rate of 40.5%. The business is expected to issue its next quarterly earnings results after the market closes on Thursday, October 26th.

On average, analysts expect that KLA-Tencor Corporation will report full-year earnings of $6.80 per share for the current year, with EPS estimates ranging from $6.56 to $7.10. For the next year, analysts expect that the firm will post earnings of $7.27 per share, with EPS estimates ranging from $6.73 to $7.59. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow KLA-Tencor Corporation.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. The business had revenue of $938.60 million during the quarter, compared to analyst estimates of $923.80 million. KLA-Tencor Corporation had a net margin of 26.61% and a return on equity of 88.61%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share.

A number of research firms recently commented on KLAC. Credit Suisse Group reissued an “outperform” rating on shares of KLA-Tencor Corporation in a research note on Thursday, August 31st. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Friday, September 1st. Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price target (up from $102.00) on shares of KLA-Tencor Corporation in a research note on Sunday, July 30th. Zacks Investment Research lowered KLA-Tencor Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $101.32.

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KLA-Tencor Corporation (KLAC) traded up 0.27% during trading on Friday, hitting $108.34. 836,109 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $101.53 and its 200 day moving average price is $98.47. KLA-Tencor Corporation has a 12-month low of $72.88 and a 12-month high of $109.59. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 18.43 and a beta of 1.68.

In other news, CFO Bren D. Higgins sold 314 shares of KLA-Tencor Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $92.85, for a total value of $29,154.90. Following the transaction, the chief financial officer now directly owns 314 shares of the company’s stock, valued at approximately $29,154.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian Lorig sold 526 shares of KLA-Tencor Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total value of $48,839.10. Following the completion of the transaction, the senior vice president now directly owns 1,092 shares in the company, valued at $101,392.20. The disclosure for this sale can be found here. Insiders sold a total of 84,512 shares of company stock worth $7,726,826 over the last ninety days. 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 KLAC. Ngam Advisors L.P. lifted its stake in shares of KLA-Tencor Corporation by 7.9% in the 1st quarter. Ngam Advisors L.P. now owns 15,887 shares of the semiconductor company’s stock valued at $1,510,000 after purchasing an additional 1,166 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of KLA-Tencor Corporation by 7.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,730 shares of the semiconductor company’s stock valued at $545,000 after purchasing an additional 420 shares in the last quarter. Global X Management Co. LLC lifted its stake in shares of KLA-Tencor Corporation by 29.7% in the 1st quarter. Global X Management Co. LLC now owns 2,584 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 591 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of KLA-Tencor Corporation by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 605,229 shares of the semiconductor company’s stock valued at $57,541,000 after purchasing an additional 38,591 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of KLA-Tencor Corporation by 30.4% in the 1st quarter. Morgan Stanley now owns 244,885 shares of the semiconductor company’s stock valued at $23,282,000 after purchasing an additional 57,058 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for KLA-Tencor Corporation (NASDAQ:KLAC)

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