Equities research analysts expect that KLA-Tencor Corp (NASDAQ:KLAC) will post $960.22 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for KLA-Tencor’s earnings. The lowest sales estimate is $940.00 million and the highest is $971.50 million. KLA-Tencor reported sales of $876.89 million in the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The firm is scheduled to announce its next quarterly earnings results 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 fiscal year, analysts expect that the business will report sales of $4.19 billion per share, with estimates ranging from $4.16 billion to $4.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow KLA-Tencor.

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

Several equities analysts have commented on KLAC shares. KeyCorp raised shares of KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Monday, December 18th. Stifel Nicolaus raised their target price on shares of KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Wednesday, December 27th. Citigroup raised their target price on shares of KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of KLA-Tencor in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $110.32.

KLA-Tencor (NASDAQ KLAC) opened at $107.56 on Friday. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. KLA-Tencor has a 1-year low of $77.86 and a 1-year high of $114.43. The company has a market cap of $16,880.00, a PE ratio of 16.50 and a beta of 1.63.

In related news, EVP Ahmad A. Khan sold 3,652 shares of KLA-Tencor stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $102.20, for a total transaction of $373,234.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bobby R. Bell sold 3,199 shares of KLA-Tencor stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $101.52, for a total transaction of $324,762.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,664 shares of company stock worth $3,191,064 over the last ninety days. 0.20% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in shares of KLA-Tencor by 3.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,755 shares of the semiconductor company’s stock worth $435,000 after purchasing an additional 167 shares during the period. Principal Financial Group Inc. lifted its position in shares of KLA-Tencor by 2.4% in the 2nd quarter. Principal Financial Group Inc. now owns 253,013 shares of the semiconductor company’s stock worth $23,153,000 after purchasing an additional 5,987 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of KLA-Tencor by 88.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 145,636 shares of the semiconductor company’s stock worth $13,327,000 after purchasing an additional 68,414 shares during the period. Freestone Capital Holdings LLC lifted its position in shares of KLA-Tencor by 9.2% in the 2nd quarter. Freestone Capital Holdings LLC now owns 43,984 shares of the semiconductor company’s stock worth $4,025,000 after purchasing an additional 3,705 shares during the period. Finally, Tredje AP fonden lifted its position in shares of KLA-Tencor by 111.6% in the 2nd quarter. Tredje AP fonden now owns 26,710 shares of the semiconductor company’s stock worth $2,444,000 after purchasing an additional 14,090 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

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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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