KLA-Tencor Corporation (KLAC) Expected to Announce Quarterly Sales of $941.64 Million

Equities analysts expect that KLA-Tencor Corporation (NASDAQ:KLAC) will report sales of $941.64 million for the current quarter, according to Zacks. Five analysts have provided estimates for KLA-Tencor Corporation’s earnings. The highest sales estimate is $944.10 million and the lowest is $939.92 million. KLA-Tencor Corporation reported sales of $750.67 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.4%. The business is scheduled to report its next quarterly earnings results on Thursday, October 19th.

According to Zacks, analysts expect that KLA-Tencor Corporation will report full year sales of $941.64 million for the current fiscal year, with estimates ranging from $3.85 billion to $4.05 billion. For the next financial year, analysts anticipate that the business will report sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.24 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow KLA-Tencor Corporation.

KLA-Tencor Corporation (NASDAQ:KLAC) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company had revenue of $938.60 million for the quarter, compared to analysts’ expectations of $923.80 million. During the same period last year, the firm earned $1.77 EPS. KLA-Tencor Corporation’s revenue for the quarter was up 2.1% compared to the same quarter last year.

A number of research firms recently issued reports on KLAC. B. Riley restated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. UBS AG restated a “neutral” rating and set a $110.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, June 13th. BidaskClub downgraded shares of KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Stifel Nicolaus upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “buy” rating and boosted their target price for the company from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. KLA-Tencor Corporation currently has an average rating of “Hold” and a consensus price target of $99.68.

Shares of KLA-Tencor Corporation (KLAC) traded up 0.79% during trading on Thursday, reaching $102.47. The company had a trading volume of 965,210 shares. The company’s 50 day moving average is $97.29 and its 200-day moving average is $97.70. The stock has a market capitalization of $16.07 billion, a price-to-earnings ratio of 17.43 and a beta of 1.68. KLA-Tencor Corporation has a 1-year low of $70.72 and a 1-year high of $109.59.

In other KLA-Tencor Corporation news, CFO Bren D. Higgins sold 314 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $92.85, for a total value of $29,154.90. Following the completion of the transaction, the chief financial officer now owns 314 shares in the company, valued at $29,154.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard P. Wallace sold 37,377 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $90.86, for a total transaction of $3,396,074.22. Following the completion of the transaction, the insider now owns 58,831 shares of the company’s stock, valued at approximately $5,345,384.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,512 shares of company stock valued at $7,726,826. Insiders own 0.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. Sun Life Financial INC raised its position in shares of KLA-Tencor Corporation by 14,300.0% during the 2nd quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,144 shares during the last quarter. Grove Bank & Trust raised its position in shares of KLA-Tencor Corporation by 30.2% during the 2nd quarter. Grove Bank & Trust now owns 1,250 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 290 shares during the last quarter. Invictus RG acquired a new position in shares of KLA-Tencor Corporation during the 1st quarter worth about $202,000. Checchi Capital Advisers LLC raised its position in shares of KLA-Tencor Corporation by 2.0% during the 2nd 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. Finally, IBM Retirement Fund raised its position in shares of KLA-Tencor Corporation by 33.6% during the 2nd quarter. IBM Retirement Fund now owns 2,322 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 584 shares during the last quarter. Institutional investors and hedge funds own 89.16% of the company’s stock.

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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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