$1.59 EPS Expected for KLA-Tencor Corporation (KLAC) This Quarter

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.

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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.

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Earnings History and Estimates for KLA-Tencor Corporation (NASDAQ:KLAC)

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