Brokerages predict that KLA-Tencor Corp (NASDAQ:KLAC) will post earnings of $1.54 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for KLA-Tencor Corp’s earnings. The highest EPS estimate is $1.58 and the lowest is $1.52. KLA-Tencor Corp posted earnings of $1.15 per share in the same quarter last year, which suggests a positive year over year growth rate of 33.9%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, April 27th.

On average, analysts expect that KLA-Tencor Corp will report full year earnings of $5.71 per share for the current fiscal year, with EPS estimates ranging from $5.58 to $5.83. For the next financial year, analysts expect that the firm will post earnings of $6.29 per share, with EPS estimates ranging from $5.88 to $6.64. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for KLA-Tencor Corp.

KLA-Tencor Corp (NASDAQ:KLAC) last posted its earnings results on Thursday, January 26th. The semiconductor company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.13. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. The business had revenue of $877 million for the quarter, compared to analysts’ expectations of $838.78 million. During the same period in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year.

Several research analysts have recently weighed in on KLAC shares. Cowen and Company boosted their price objective on shares of KLA-Tencor Corp from $85.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, January 27th. Needham & Company LLC boosted their price objective on shares of KLA-Tencor Corp from $95.00 to $105.00 and gave the company a “strong-buy” rating in a report on Friday, January 27th. Deutsche Bank AG reissued a “hold” rating and set a $85.00 price objective (up from $78.00) on shares of KLA-Tencor Corp in a report on Tuesday, January 31st. Stifel Nicolaus boosted their price objective on shares of KLA-Tencor Corp from $71.00 to $83.00 and gave the company a “hold” rating in a report on Friday, January 27th. Finally, Vetr cut shares of KLA-Tencor Corp from a “strong-buy” rating to a “buy” rating and set a $88.55 price objective for the company. in a report on Monday, December 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. KLA-Tencor Corp currently has an average rating of “Buy” and an average price target of $88.48.

In related news, insider Brian M. Trafas sold 3,064 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $86.89, for a total transaction of $266,230.96. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at $434,450. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bobby R. Bell sold 10,933 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $93.61, for a total transaction of $1,023,438.13. Following the transaction, the insider now owns 5,696 shares of the company’s stock, valued at approximately $533,202.56. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of KLAC. Creative Planning raised its position in shares of KLA-Tencor Corp by 9.0% in the third quarter. Creative Planning now owns 3,343 shares of the semiconductor company’s stock worth $233,000 after buying an additional 276 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of KLA-Tencor Corp by 31.4% in the third quarter. Nationwide Fund Advisors now owns 153,669 shares of the semiconductor company’s stock worth $10,712,000 after buying an additional 36,700 shares in the last quarter. Parkwood LLC bought a new position in shares of KLA-Tencor Corp during the third quarter worth $281,000. State of New Jersey Common Pension Fund D bought a new position in shares of KLA-Tencor Corp during the third quarter worth $29,627,000. Finally, New Jersey Better Educational Savings Trust bought a new position in shares of KLA-Tencor Corp during the third quarter worth $558,000. Hedge funds and other institutional investors own 90.08% of the company’s stock.

KLA-Tencor Corp (NASDAQ:KLAC) traded down 0.93% during mid-day trading on Thursday, reaching $94.61. 635,165 shares of the company’s stock traded hands. The stock has a 50 day moving average of $94.05 and a 200 day moving average of $83.09. KLA-Tencor Corp has a 12-month low of $66.88 and a 12-month high of $97.49. The company has a market cap of $14.83 billion, a P/E ratio of 17.20 and a beta of 1.62.

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About KLA-Tencor Corp

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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