Equities analysts expect KLA-Tencor Corporation (NASDAQ:KLAC) to announce earnings of $1.70 per share for the current quarter, according to Zacks. Five analysts have made estimates for KLA-Tencor Corporation’s earnings, with the highest EPS estimate coming in at $1.76 and the lowest estimate coming in at $1.57. KLA-Tencor Corporation posted earnings of $1.52 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The business is scheduled to report its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that KLA-Tencor Corporation will report full year earnings of $7.16 per share for the current financial year, with EPS estimates ranging from $6.56 to $7.57. For the next fiscal year, analysts expect that the firm will post earnings of $7.54 per share, with EPS estimates ranging from $7.49 to $7.58. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its 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 firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm’s 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 recently issued reports on the company. J P Morgan Chase & Co reiterated a “buy” rating and set a $136.00 price objective on shares of KLA-Tencor Corporation in a report on Friday, October 27th. B. Riley restated a “buy” rating and set a $129.00 target price (up from $120.00) on shares of KLA-Tencor Corporation in a report on Friday, October 27th. Citigroup Inc. raised their target price on KLA-Tencor Corporation from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Thursday, October 19th. Finally, Stifel Nicolaus lifted their price objective on KLA-Tencor Corporation from $106.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. KLA-Tencor Corporation currently has a consensus rating of “Hold” and an average target price of $107.51.
In other KLA-Tencor Corporation news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $110.00, for a total value of $55,000.00. Following the completion of the transaction, the director now directly owns 13,588 shares in the company, valued at approximately $1,494,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Virendra A. Kirloskar sold 1,020 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $93.73, for a total transaction of $95,604.60. Following the completion of the transaction, the senior vice president now owns 297 shares of the company’s stock, valued at $27,837.81. The disclosure for this sale can be found here. Insiders sold a total of 59,964 shares of company stock valued at $5,623,855 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its stake in KLA-Tencor Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,156 shares of the semiconductor company’s stock worth $472,000 after acquiring an additional 14 shares during the period. Contravisory Investment Management Inc. increased its position in KLA-Tencor Corporation by 0.6% in the second quarter. Contravisory Investment Management Inc. now owns 2,859 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 18 shares during the last quarter. Navellier & Associates Inc increased its position in KLA-Tencor Corporation by 1.2% in the second quarter. Navellier & Associates Inc now owns 2,495 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 30 shares during the last quarter. Palo Capital Inc. increased its position in KLA-Tencor Corporation by 0.5% in the second quarter. Palo Capital Inc. now owns 8,071 shares of the semiconductor company’s stock worth $739,000 after purchasing an additional 37 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its position in 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 worth $202,000 after purchasing an additional 44 shares during the last quarter. 89.89% of the stock is currently owned by institutional investors.
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KLA-Tencor Corporation (NASDAQ KLAC) traded up $0.04 on Friday, hitting $102.44. The stock had a trading volume of 2,176,400 shares, compared to its average volume of 1,216,760. The company has a market cap of $16,046.89, a price-to-earnings ratio of 15.56 and a beta of 1.68. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. KLA-Tencor Corporation has a 1-year low of $74.20 and a 1-year high of $110.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.36 dividend on an annualized basis and a yield of 2.30%. KLA-Tencor Corporation’s dividend payout ratio is presently 36.14%.
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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