Brokerages predict that KLA-Tencor (NASDAQ:KLAC) will report earnings per share of $1.98 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for KLA-Tencor’s earnings. The highest EPS estimate is $2.00 and the lowest is $1.97. KLA-Tencor reported earnings per share of $1.62 in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that KLA-Tencor will report full-year earnings of $7.73 per share for the current financial year, with EPS estimates ranging from $7.50 to $7.82. For the next year, analysts forecast that the business will report earnings of $8.67 per share, with EPS estimates ranging from $8.31 to $8.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for KLA-Tencor.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.24. The company had revenue of $975.82 million for the quarter, compared to analyst estimates of $968.00 million. KLA-Tencor had a return on equity of 85.81% and a net margin of 17.28%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share.
Shares of KLAC traded down $1.53 during trading hours on Friday, reaching $107.59. 922,756 shares of the company’s stock traded hands, compared to its average volume of 1,630,001. KLA-Tencor has a twelve month low of $87.93 and a twelve month high of $123.96. The firm has a market capitalization of $17,008.76, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 3.06 and a current ratio of 3.73.
KLA-Tencor declared that its board has authorized a share buyback plan on Monday, March 19th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be given a $0.75 dividend. This is a positive change from KLA-Tencor’s previous quarterly dividend of $0.59. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.79%. KLA-Tencor’s dividend payout ratio (DPR) is 39.73%.
In related news, insider Richard P. Wallace sold 13,299 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $110.10, for a total value of $1,464,219.90. Following the completion of the transaction, the insider now owns 43,442 shares in the company, valued at approximately $4,782,964.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bren D. Higgins sold 854 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $112.92, for a total value of $96,433.68. The disclosure for this sale can be found here. Insiders sold a total of 22,945 shares of company stock valued at $2,526,530 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in KLA-Tencor by 0.8% in the 4th quarter. BlackRock Inc. now owns 11,446,967 shares of the semiconductor company’s stock worth $1,202,732,000 after acquiring an additional 95,284 shares in the last quarter. Geode Capital Management LLC lifted its stake in KLA-Tencor by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 2,184,792 shares of the semiconductor company’s stock worth $229,185,000 after acquiring an additional 218,032 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in KLA-Tencor by 5.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,536,111 shares of the semiconductor company’s stock worth $161,399,000 after acquiring an additional 74,264 shares in the last quarter. Two Sigma Advisers LP lifted its stake in KLA-Tencor by 87.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,512,896 shares of the semiconductor company’s stock worth $158,960,000 after acquiring an additional 705,464 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in KLA-Tencor by 3.2% in the 4th quarter. Deutsche Bank AG now owns 1,322,056 shares of the semiconductor company’s stock worth $138,902,000 after acquiring an additional 40,512 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
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KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
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