Equities research analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to report sales of $1.35 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for KLA-Tencor’s earnings. KLA-Tencor reported sales of $1.09 billion during the same quarter last year, which would suggest a positive year over year growth rate of 23.9%. The business is expected to issue its next quarterly earnings results on Monday, November 4th.
On average, analysts expect that KLA-Tencor will report full-year sales of $5.57 billion for the current fiscal year, with estimates ranging from $5.44 billion to $5.68 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.85 billion, with estimates ranging from $5.77 billion to $5.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow KLA-Tencor.
KLA-Tencor (NASDAQ:KLAC) last announced its quarterly 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. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.22 earnings per share.
A number of research analysts recently commented on KLAC shares. BidaskClub upgraded KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Needham & Company LLC restated a “hold” rating on shares of KLA-Tencor in a research note on Wednesday, September 18th. Deutsche Bank upped their price objective on KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. upped their price objective on KLA-Tencor from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, KeyCorp upped their price objective on KLA-Tencor from $152.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. KLA-Tencor presently has a consensus rating of “Buy” and a consensus price target of $154.23.
KLAC traded up $2.82 during trading on Friday, reaching $160.22. 910,232 shares of the company were exchanged, compared to its average volume of 1,651,544. The stock has a market cap of $24.49 billion, a P/E ratio of 18.94, a PEG ratio of 1.40 and a beta of 1.71. The firm has a 50 day moving average of $152.33 and a 200 day moving average of $128.83. 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 52 week low of $80.65 and a 52 week high of $162.68.
In related news, EVP Brian Lorig sold 1,505 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $151.58, for a total transaction of $228,127.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Virendra A. Kirloskar sold 1,579 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $130.10, for a total value of $205,427.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,284 shares of company stock valued at $6,893,570. Insiders own 0.19% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Hexavest Inc. bought a new stake in shares of KLA-Tencor in the 2nd quarter worth approximately $28,000. Valeo Financial Advisors LLC lifted its holdings in KLA-Tencor by 560.4% during the second quarter. Valeo Financial Advisors LLC now owns 350 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 297 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in KLA-Tencor during the second quarter worth about $47,000. Princeton Global Asset Management LLC bought a new position in KLA-Tencor during the second quarter worth about $48,000. Finally, TD Capital Management LLC bought a new position in KLA-Tencor during the second quarter worth about $52,000. 87.68% of the stock is currently owned by hedge funds and other institutional investors.
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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