KLA-Tencor Corporation (KLAC) Expected to Announce Quarterly Sales of $943.27 Million
Equities analysts predict that KLA-Tencor Corporation (NASDAQ:KLAC) will announce $943.27 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for KLA-Tencor Corporation’s earnings, with the lowest sales estimate coming in at $940.00 million and the highest estimate coming in at $948.03 million. KLA-Tencor Corporation reported sales of $750.67 million in the same quarter last year, which indicates a positive year over year growth rate of 25.7%. The firm 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 sales of $943.27 million for the current financial year, with estimates ranging from $3.85 billion to $4.05 billion. For the next year, analysts forecast that the firm will report sales of $4.17 billion per share, with estimates ranging from $3.94 billion to $4.32 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for 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. The business had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 EPS.
A number of research firms have recently weighed in on KLAC. B. Riley restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and set a $120.00 price target on shares of KLA-Tencor Corporation in a report on Tuesday, July 11th. KeyCorp restated a “hold” rating on shares of KLA-Tencor Corporation in a report on Sunday, October 15th. BidaskClub downgraded shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target on the stock in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $103.51.
In other news, 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 transaction of $48,839.10. Following the sale, the senior vice president now directly owns 1,092 shares in the company, valued at approximately $101,392.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ahmad A. Khan sold 4,066 shares of KLA-Tencor Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total transaction of $362,483.90. Following the sale, the executive vice president now owns 5,489 shares in the company, valued at $489,344.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,512 shares of company stock worth $7,726,826. Insiders own 0.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Advisors Capital Management LLC boosted its position in shares of KLA-Tencor Corporation by 45.7% during the 3rd quarter. Advisors Capital Management LLC now owns 25,751 shares of the semiconductor company’s stock valued at $2,729,000 after acquiring an additional 8,078 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of KLA-Tencor Corporation during the 3rd quarter valued at about $360,000. Adviser Investments LLC boosted its position in shares of KLA-Tencor Corporation by 39.8% during the 3rd quarter. Adviser Investments LLC now owns 38,524 shares of the semiconductor company’s stock valued at $4,084,000 after acquiring an additional 10,965 shares in the last quarter. Strs Ohio boosted its position in shares of KLA-Tencor Corporation by 7.0% during the 3rd quarter. Strs Ohio now owns 10,756 shares of the semiconductor company’s stock valued at $1,140,000 after acquiring an additional 708 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of KLA-Tencor Corporation by 118.6% during the 3rd quarter. APG Asset Management N.V. now owns 441,605 shares of the semiconductor company’s stock valued at $46,810,000 after acquiring an additional 239,600 shares in the last quarter. Institutional investors and hedge funds own 89.03% of the company’s stock.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 107.80 on Tuesday. The firm has a market capitalization of $16.91 billion, a P/E ratio of 18.33 and a beta of 1.68. The stock’s 50 day moving average price is $101.93 and its 200-day moving average price is $98.59. KLA-Tencor Corporation has a 12-month low of $72.88 and a 12-month high of $109.59.
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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