KLA-Tencor (NASDAQ:KLAC) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $2.04-2.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.20. The company issued revenue guidance of $1.31-1.39 billion, compared to the consensus revenue estimate of $1.35 billion.KLA-Tencor also updated its Q1 2020 guidance to $2.04-2.34 EPS.
Several equities analysts recently weighed in on the stock. Bank of America raised their price objective on shares of KLA-Tencor from $150.00 to $175.00 and gave the company a buy rating in a research report on Wednesday. Deutsche Bank raised their price objective on shares of KLA-Tencor from $120.00 to $133.00 and gave the company a hold rating in a research report on Tuesday, August 6th. KeyCorp lifted their price target on shares of KLA-Tencor from $152.00 to $162.00 and gave the company an overweight rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of KLA-Tencor from $160.00 to $180.00 and gave the company an overweight rating in a research report on Tuesday, August 6th. Finally, ValuEngine raised shares of KLA-Tencor from a hold rating to a buy rating in a research report on Saturday, August 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $152.42.
Shares of KLA-Tencor stock opened at $157.98 on Thursday. The company’s fifty day simple moving average is $142.31 and its 200-day simple moving average is $124.32. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.21 and a beta of 1.68. The company has a current ratio of 2.44, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19. KLA-Tencor has a 1 year low of $80.65 and a 1 year high of $158.09.
KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Monday, August 5th. The semiconductor company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.07. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company earned $2.22 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts forecast that KLA-Tencor will post 9.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.00 annualized dividend and a dividend yield of 1.90%. KLA-Tencor’s dividend payout ratio is presently 35.46%.
In other news, SVP Virendra A. Kirloskar sold 1,988 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $130.46, for a total value of $259,354.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian M. Trafas sold 274 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $121.36, for a total transaction of $33,252.64. Following the completion of the sale, the insider now owns 274 shares in the company, valued at approximately $33,252.64. The disclosure for this sale can be found here. Insiders sold a total of 42,807 shares of company stock worth $5,860,097 in the last 90 days. 0.19% of the stock is owned by corporate insiders.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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