$1.00 Billion in Sales Expected for KLA-Tencor Corp (KLAC) This Quarter

Equities research analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to post sales of $1.00 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for KLA-Tencor’s earnings, with the lowest sales estimate coming in at $999.98 million and the highest estimate coming in at $1.01 billion. KLA-Tencor reported sales of $913.81 million in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The business is scheduled to report its next earnings report on Thursday, April 26th.

According to Zacks, analysts expect that KLA-Tencor will report full-year sales of $1.00 billion for the current financial year, with estimates ranging from $3.90 billion to $3.98 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $4.29 billion per share, with estimates ranging from $4.25 billion to $4.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.24. The firm had revenue of $975.82 million during the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS.

A number of brokerages have recently weighed in on KLAC. Citigroup boosted their price objective on shares of KLA-Tencor from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. ValuEngine upgraded shares of KLA-Tencor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub lowered shares of KLA-Tencor from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $134.00 target price (up from $124.00) on shares of KLA-Tencor in a research note on Monday, January 29th. Finally, Zacks Investment Research downgraded shares of KLA-Tencor from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.54.

Shares of KLA-Tencor (KLAC) opened at $102.66 on Thursday. The firm has a market cap of $16,110.00, a P/E ratio of 24.74 and a beta of 1.53. The company has a quick ratio of 3.06, a current ratio of 3.73 and a debt-to-equity ratio of 2.03. KLA-Tencor has a 1-year low of $86.33 and a 1-year high of $121.65.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, February 14th. KLA-Tencor’s payout ratio is 56.87%.

In other KLA-Tencor news, Director Emiko Higashi sold 500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $101.26, for a total transaction of $50,630.00. Following the transaction, the director now directly owns 15,229 shares of the company’s stock, valued at approximately $1,542,088.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 3,599 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $101.52, for a total transaction of $365,370.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,482 shares of company stock worth $4,755,881. 0.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of KLAC. Thrivent Financial For Lutherans increased its position in KLA-Tencor by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,920 shares of the semiconductor company’s stock valued at $542,000 after purchasing an additional 190 shares during the period. Dimensional Fund Advisors LP grew its position in shares of KLA-Tencor by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 637,840 shares of the semiconductor company’s stock worth $58,373,000 after buying an additional 32,611 shares during the period. QS Investors LLC grew its position in shares of KLA-Tencor by 19.5% in the 2nd quarter. QS Investors LLC now owns 3,280 shares of the semiconductor company’s stock worth $300,000 after buying an additional 536 shares during the period. Balyasny Asset Management LLC purchased a new stake in shares of KLA-Tencor in the 2nd quarter worth about $1,107,000. Finally, Royal Bank of Canada grew its position in shares of KLA-Tencor by 44.3% in the 2nd quarter. Royal Bank of Canada now owns 155,378 shares of the semiconductor company’s stock worth $14,217,000 after buying an additional 47,692 shares during the period. 90.96% of the stock is currently owned by institutional investors and hedge funds.

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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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