KLA-Tencor Corp (KLAC) Expected to Announce Earnings of $1.72 Per Share

Equities research analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to post $1.72 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for KLA-Tencor’s earnings, with the lowest EPS estimate coming in at $1.71 and the highest estimate coming in at $1.76. KLA-Tencor reported earnings per share of $1.52 during the same quarter last year, which would suggest a positive year over year growth rate of 13.2%. The business is scheduled to announce its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that KLA-Tencor will report full year earnings of $7.31 per share for the current year, with EPS estimates ranging from $7.20 to $7.57. For the next year, analysts anticipate that the company will report earnings of $7.67 per share, with EPS estimates ranging from $7.55 to $7.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow KLA-Tencor.

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

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a report on Wednesday, December 27th. Stifel Nicolaus boosted their price target on shares of KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Citigroup lifted their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of KLA-Tencor in a research note on Sunday, October 15th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $136.00 target price on shares of KLA-Tencor in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $110.32.

Shares of KLA-Tencor (KLAC) traded up $1.24 during midday trading on Wednesday, reaching $107.37. 2,730,000 shares of the company traded hands, compared to its average volume of 1,500,000. The stock has a market cap of $16,850.00, a price-to-earnings ratio of 16.47 and a beta of 1.63. The company has a debt-to-equity ratio of 1.72, a quick ratio of 2.59 and a current ratio of 3.11. KLA-Tencor has a 12 month low of $77.86 and a 12 month high of $114.43.

In other news, EVP Teri A. Little sold 1,678 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $109.44, for a total transaction of $183,640.32. Following the transaction, the executive vice president now owns 8,452 shares of the company’s stock, valued at approximately $924,986.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $110.00, for a total transaction of $55,000.00. Following the transaction, the director now directly owns 13,588 shares in the company, valued at approximately $1,494,680. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,164 shares of company stock worth $3,138,144. 0.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of KLA-Tencor by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock valued at $1,544,879,000 after acquiring an additional 402,970 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of KLA-Tencor by 4.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after acquiring an additional 208,499 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of KLA-Tencor by 46.0% during the 3rd 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. Northern Trust Corp boosted its position in shares of KLA-Tencor by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock valued at $181,960,000 after acquiring an additional 6,922 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of KLA-Tencor by 375.7% during the 3rd 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. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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About KLA-Tencor

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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