KLA-Tencor Corp (KLAC) Expected to Post Quarterly Sales of $960.22 Million

Wall Street analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to announce $960.22 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for KLA-Tencor’s earnings, with the lowest sales estimate coming in at $940.00 million and the highest estimate coming in at $971.50 million. KLA-Tencor posted sales of $876.89 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The firm is expected to issue its next earnings results after the market closes on Thursday, January 25th.

On average, 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 forecast 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 analysts that that provide coverage for KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly 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. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS.

Several analysts have recently commented on KLAC shares. KeyCorp raised KLA-Tencor from a “sector weight” rating to an “overweight” rating and set a $134.00 price target for the company in a report on Monday, December 18th. Needham & Company LLC cut KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price target for the company. in a report on Monday, January 8th. Zacks Investment Research raised 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 raised their price target on KLA-Tencor from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Citigroup raised their price target on KLA-Tencor from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. KLA-Tencor currently has a consensus rating of “Buy” and a consensus price target of $110.95.

Shares of KLA-Tencor (KLAC) opened at $115.02 on Monday. 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 company has a market capitalization of $18,024.54, a P/E ratio of 17.61 and a beta of 1.63. KLA-Tencor has a 1-year low of $80.68 and a 1-year high of $115.83.

In other news, EVP Teri A. Little sold 1,678 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $109.44, for a total value of $183,640.32. Following the completion of the transaction, the executive vice president now directly owns 8,452 shares of the company’s stock, valued at $924,986.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 3,599 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.52, for a total value of $365,370.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,664 shares of company stock valued at $3,191,064. 0.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of KLA-Tencor by 2.4% in the second quarter. Vanguard Group Inc. now owns 16,882,077 shares of the semiconductor company’s stock worth $1,544,879,000 after acquiring an additional 402,970 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of KLA-Tencor by 4.8% in the third quarter. Janus Henderson Group PLC now owns 4,516,903 shares of the semiconductor company’s stock valued at $478,792,000 after purchasing an additional 208,499 shares during the period. Pictet Asset Management Ltd. grew its position in shares of 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 purchasing an additional 770,480 shares during the period. Northern Trust Corp grew its position in shares of KLA-Tencor by 0.3% in the second quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock valued at $181,960,000 after purchasing an additional 6,922 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of 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 purchasing an additional 885,147 shares during the period. 90.66% of the stock is owned by 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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