Wall Street analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to report $1.00 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for KLA-Tencor’s earnings. The lowest sales estimate is $999.98 million and the highest is $1.01 billion. KLA-Tencor reported sales of $913.81 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The firm is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that KLA-Tencor will report full year sales of $1.00 billion for the current year, with estimates ranging from $3.90 billion to $3.98 billion. For the next financial year, analysts anticipate that the company 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 averages are a mean average based on a survey of analysts that that provide coverage for KLA-Tencor.
KLA-Tencor (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.24. KLA-Tencor had a net margin of 17.28% and a return on equity of 85.81%. The company had revenue of $975.82 million for the quarter, compared to analyst estimates of $968.00 million. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year.
In related news, CFO Bren D. Higgins sold 854 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $112.92, for a total transaction of $96,433.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard P. Wallace sold 13,299 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total transaction of $1,464,219.90. Following the sale, the insider now directly owns 43,442 shares in the company, valued at approximately $4,782,964.20. The disclosure for this sale can be found here. Insiders have sold a total of 23,445 shares of company stock worth $2,579,450 in the last ninety days. 0.20% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. KCM Investment Advisors LLC bought a new stake in KLA-Tencor during the 4th quarter worth approximately $309,000. Xact Kapitalforvaltning AB grew its stake in KLA-Tencor by 4.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 36,674 shares of the semiconductor company’s stock worth $3,853,000 after buying an additional 1,534 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in KLA-Tencor by 598.8% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 59,400 shares of the semiconductor company’s stock worth $6,241,000 after buying an additional 50,900 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in KLA-Tencor in the 4th quarter worth approximately $5,095,000. Finally, BB&T Securities LLC purchased a new position in KLA-Tencor in the 4th quarter worth approximately $210,000. 91.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of KLA-Tencor (NASDAQ KLAC) opened at $120.48 on Wednesday. KLA-Tencor has a 12-month low of $87.93 and a 12-month high of $123.96. The company has a debt-to-equity ratio of 2.03, a current ratio of 3.73 and a quick ratio of 3.06. The stock has a market cap of $19,168.73, a P/E ratio of 17.41 and a beta of 1.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.49%. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. KLA-Tencor’s dividend payout ratio is 56.87%.
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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.
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