Equities analysts predict that KLA-Tencor Corporation (NASDAQ:KLAC) will announce $960.22 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for KLA-Tencor Corporation’s earnings, with estimates ranging from $940.00 million to $971.50 million. KLA-Tencor Corporation posted sales of $876.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The firm is expected to report its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that KLA-Tencor Corporation 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 expect that the business will report sales of $4.16 billion per share, with estimates ranging from $4.09 billion to $4.24 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued 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 company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $946.86 million. KLA-Tencor Corporation had a net margin of 27.82% and a return on equity of 84.61%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.16 EPS.
Several brokerages recently commented on KLAC. J P Morgan Chase & Co reiterated a “buy” rating and set a $136.00 price target on shares of KLA-Tencor Corporation in a report on Friday, October 27th. B. Riley reaffirmed a “buy” rating and issued a $129.00 price target (up previously from $120.00) on shares of KLA-Tencor Corporation in a research report on Friday, October 27th. Citigroup Inc. upped their price target on shares of KLA-Tencor Corporation from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Thursday, October 19th. Finally, Stifel Nicolaus raised their price target on shares of KLA-Tencor Corporation from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. KLA-Tencor Corporation currently has a consensus rating of “Hold” and an average price target of $107.51.
Shares of KLA-Tencor Corporation (NASDAQ:KLAC) traded up $0.04 during trading hours on Monday, reaching $102.44. 2,176,400 shares of the company traded hands, compared to its average volume of 1,592,655. The company has a market cap of $16,053.16, a P/E ratio of 15.57 and a beta of 1.68. KLA-Tencor Corporation has a one year low of $74.20 and a one year high of $110.00. 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 annualized dividend and a yield of 2.30%. KLA-Tencor Corporation’s dividend payout ratio is presently 36.14%.
In other news, insider Bobby R. Bell sold 3,526 shares of KLA-Tencor Corporation stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $89.93, for a total value of $317,093.18. Following the sale, the insider now owns 9,633 shares in the company, valued at $866,295.69. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Virendra A. Kirloskar sold 1,020 shares of KLA-Tencor Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $93.73, for a total transaction of $95,604.60. Following the completion of the sale, the senior vice president now owns 297 shares in the company, valued at approximately $27,837.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,964 shares of company stock worth $5,623,855. 0.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sun Life Financial INC grew its position in shares of KLA-Tencor Corporation by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 1,144 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of KLA-Tencor Corporation by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 750 shares during the period. Grove Bank & Trust grew its position in shares of KLA-Tencor Corporation by 30.2% in the second quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 290 shares during the period. Bristlecone Advisors LLC acquired a new stake in shares of KLA-Tencor Corporation in the third quarter valued at about $148,000. Finally, Checchi Capital Advisers LLC grew its position in shares of KLA-Tencor Corporation by 2.0% in the second quarter. Checchi Capital Advisers LLC now owns 2,205 shares of the semiconductor company’s stock valued at $202,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
KLA-Tencor Corporation 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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