KLA-Tencor Corp (KLAC) to Post Q3 2019 Earnings of $2.02 Per Share, B. Riley Forecasts

KLA-Tencor Corp (NASDAQ:KLAC) – Research analysts at B. Riley issued their Q3 2019 earnings estimates for shares of KLA-Tencor in a note issued to investors on Monday. B. Riley analyst C. Ellis forecasts that the semiconductor company will post earnings of $2.02 per share for the quarter. B. Riley has a “Buy” rating and a $129.00 price objective on the stock.

A number of other brokerages have also recently issued reports on KLAC. Needham & Company LLC cut shares of KLA-Tencor from a “strong-buy” rating to a “buy” rating and set a $130.00 price objective for the company. in a report on Monday, January 8th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor in a report on Friday, October 27th. Citigroup lifted their price objective 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. Stifel Nicolaus lifted their price objective 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. Finally, Zacks Investment Research upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. KLA-Tencor has a consensus rating of “Buy” and a consensus target price of $110.95.

KLA-Tencor (KLAC) traded up $1.42 during trading hours on Tuesday, reaching $116.01. 1,186,163 shares of the company’s stock were exchanged, compared to its average volume of 1,403,587. The company has a debt-to-equity ratio of 1.72, a current ratio of 3.11 and a quick ratio of 2.59. The firm has a market capitalization of $18,200.00, a PE ratio of 17.79 and a beta of 1.63. KLA-Tencor has a 1-year low of $81.88 and a 1-year high of $116.35.

KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 27.82% and a return on equity of 84.61%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the company posted $1.16 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in KLAC. Thrivent Financial For Lutherans raised its position in KLA-Tencor by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock worth $542,000 after acquiring an additional 190 shares during the period. Mutual of America Capital Management LLC raised its position in KLA-Tencor by 57.6% in the second quarter. Mutual of America Capital Management LLC now owns 28,845 shares of the semiconductor company’s stock worth $2,640,000 after acquiring an additional 10,537 shares during the period. GSA Capital Partners LLP raised its position in KLA-Tencor by 17.6% in the second quarter. GSA Capital Partners LLP now owns 10,102 shares of the semiconductor company’s stock worth $924,000 after acquiring an additional 1,509 shares during the period. Northern Trust Corp raised its position in KLA-Tencor by 0.3% in the second quarter. Northern Trust Corp now owns 1,988,424 shares of the semiconductor company’s stock worth $181,960,000 after acquiring an additional 6,922 shares during the period. Finally, California Public Employees Retirement System raised its position in KLA-Tencor by 1.3% in the second quarter. California Public Employees Retirement System now owns 411,138 shares of the semiconductor company’s stock worth $37,623,000 after acquiring an additional 5,400 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

In related news, CFO Bren D. Higgins sold 3,599 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $101.52, for a total transaction of $365,370.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Emiko Higashi sold 2,375 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $115.00, for a total transaction of $273,125.00. Following the transaction, the director now owns 11,294 shares in the company, valued at $1,298,810. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,039 shares of company stock worth $3,464,189. 0.20% of the stock is owned by corporate insiders.

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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.

Earnings History and Estimates for KLA-Tencor (NASDAQ:KLAC)

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