Zacks: Brokerages Anticipate KLA-Tencor Corp (KLAC) Will Post Quarterly Sales of $960.22 Million

Brokerages expect KLA-Tencor Corp (NASDAQ:KLAC) to post $960.22 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for KLA-Tencor’s earnings. The highest sales estimate is $971.50 million and the lowest is $940.00 million. KLA-Tencor reported sales of $876.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.5%. The business is expected to announce its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that KLA-Tencor will report full-year sales of $960.22 million for the current financial year, with estimates ranging from $3.85 billion to $4.06 billion. For the next year, analysts expect that the company will post sales of $4.16 billion per share, with estimates ranging from $4.09 billion to $4.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $946.86 million. During the same quarter last year, the firm earned $1.16 earnings per share. The company’s revenue was up 29.2% on a year-over-year basis.

A number of equities research analysts have recently weighed in on KLAC shares. BidaskClub downgraded KLA-Tencor from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Stifel Nicolaus raised KLA-Tencor from a “hold” rating to a “buy” rating and lifted 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 reissued an “outperform” rating on shares of KLA-Tencor in a report on Thursday, August 31st. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of KLA-Tencor in a report on Friday, September 1st. Finally, Goldman Sachs Group downgraded KLA-Tencor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $108.00 to $97.00 in a report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. KLA-Tencor presently has a consensus rating of “Hold” and a consensus target price of $108.68.

In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of KLA-Tencor stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total value of $55,000.00. Following the transaction, the director now owns 13,588 shares in the company, valued at $1,494,680. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teri A. Little sold 1,566 shares of KLA-Tencor stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $103.00, for a total value of $161,298.00. Following the completion of the transaction, the executive vice president now owns 6,892 shares in the company, valued at approximately $709,876. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,427 shares of company stock valued at $4,338,059. 0.20% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in KLAC. Janus Henderson Group PLC grew its position in KLA-Tencor by 24,123.6% in the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock valued at $394,262,000 after acquiring an additional 4,290,618 shares during the last quarter. Ameriprise Financial Inc. grew its position in KLA-Tencor by 375.7% in the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock valued at $118,799,000 after acquiring an additional 885,147 shares during the last quarter. Pictet Asset Management Ltd. grew its position in KLA-Tencor by 46.0% in the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock valued at $259,075,000 after acquiring an additional 770,480 shares during the last quarter. Koch Industries Inc. grew its position in KLA-Tencor by 16,899.5% in the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock valued at $737,000 after acquiring an additional 740,876 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in KLA-Tencor by 9,592.9% in the third quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock valued at $67,668,000 after acquiring an additional 631,791 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

KLA-Tencor (NASDAQ KLAC) traded up $1.63 on Friday, hitting $103.87. The stock had a trading volume of 2,205,134 shares, compared to its average volume of 1,718,748. KLA-Tencor has a 12 month low of $74.66 and a 12 month high of $110.00. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $16,021.82, a P/E ratio of 15.54 and a beta of 1.64.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, November 14th. KLA-Tencor’s dividend payout ratio (DPR) is presently 36.14%.

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KLA-Tencor 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 (NASDAQ:KLAC)

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