Brokerages expect KLA-Tencor Corporation (NASDAQ:KLAC) to post $1.59 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for KLA-Tencor Corporation’s earnings, with estimates ranging from $1.56 to $1.63. KLA-Tencor Corporation posted earnings per share of $1.77 during the same quarter last year, which indicates a negative year over year growth rate of 10.2%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, July 27th.
On average, analysts expect that KLA-Tencor Corporation will report full year earnings of $5.88 per share for the current year, with EPS estimates ranging from $5.85 to $5.93. For the next fiscal year, analysts anticipate that the company will report earnings of $6.80 per share, with EPS estimates ranging from $6.65 to $7.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. KLA-Tencor Corporation had a net margin of 27.20% and a return on equity of 106.36%. The company had revenue of $914 million during the quarter, compared to analysts’ expectations of $895.69 million. During the same period last year, the company posted $1.15 EPS. KLA-Tencor Corporation’s revenue was up 28.4% on a year-over-year basis.
A number of research firms recently weighed in on KLAC. BidaskClub raised shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc reaffirmed a “reduce” rating and issued a $65.00 price objective on shares of KLA-Tencor Corporation in a research note on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $102.00 price objective (up from $92.00) on shares of KLA-Tencor Corporation in a research note on Monday, June 19th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $94.91.
In related news, Director Kevin Kennedy sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $99.09, for a total value of $247,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian Lorig sold 1,663 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $99.81, for a total transaction of $165,984.03. Following the completion of the transaction, the senior vice president now directly owns 1,346 shares of the company’s stock, valued at $134,344.26. The disclosure for this sale can be found here. Insiders sold a total of 12,932 shares of company stock valued at $1,267,268 over the last ninety days. 0.26% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in KLAC. BlackRock Inc. raised its position in shares of KLA-Tencor Corporation by 1,865.4% in the first quarter. BlackRock Inc. now owns 11,140,657 shares of the semiconductor company’s stock valued at $1,059,142,000 after buying an additional 10,573,812 shares during the last quarter. FMR LLC raised its position in shares of KLA-Tencor Corporation by 162.0% in the first quarter. FMR LLC now owns 5,166,949 shares of the semiconductor company’s stock valued at $491,222,000 after buying an additional 3,194,775 shares during the last quarter. Janus Capital Management LLC raised its position in shares of KLA-Tencor Corporation by 18.4% in the first quarter. Janus Capital Management LLC now owns 3,450,226 shares of the semiconductor company’s stock valued at $328,013,000 after buying an additional 535,940 shares during the last quarter. Vanguard Group Inc. raised its position in shares of KLA-Tencor Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 16,479,107 shares of the semiconductor company’s stock valued at $1,566,668,000 after buying an additional 482,997 shares during the last quarter. Finally, State Street Corp raised its position in shares of KLA-Tencor Corporation by 6.7% in the first quarter. State Street Corp now owns 6,901,169 shares of the semiconductor company’s stock valued at $656,105,000 after buying an additional 436,022 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.
Shares of KLA-Tencor Corporation (KLAC) traded up 1.56% on Wednesday, reaching $101.39. 1,088,351 shares of the company were exchanged. The company’s 50-day moving average is $98.97 and its 200-day moving average is $94.22. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 16.93 and a beta of 1.63. KLA-Tencor Corporation has a 52 week low of $66.88 and a 52 week high of $109.59.
About KLA-Tencor Corporation
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.