KLA-Tencor (KLAC) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.76-0.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.80. The company issued revenue guidance of $690-750 million, compared to the consensus revenue estimate of $703.81 million.

A number of analysts have recently weighed in on KLAC shares. Analysts at RBC Capital reiterated an outperform rating on shares of KLA-Tencor in a research note to investors on Wednesday. They now have a $58.00 price target on the stock. On a related note, analysts at Barclays Capital reiterated an overweight rating on shares of KLA-Tencor in a research note to investors on Tuesday. They now have a $56.00 price target on the stock. Finally, analysts at Barclays Capital upgraded shares of KLA-Tencor from an equal weight rating to an overweight rating in a research note to investors on Thursday, January 3rd. They now have a $56.00 price target on the stock, up previously from $50.00.

Twelve research analysts have rated the stock with a buy rating, two have issued an overweight rating, two have issued a hold rating, and three have issued a sell rating to the company’s stock. The company presently has an average rating of overweight and a consensus price target of $54.06.

Shares of KLA-Tencor (KLAC) traded down 0.73% during mid-day trading on Thursday, hitting $51.97. KLA-Tencor (KLAC) has a one year low of $43.21 and a one year high of $55.43. The stock’s 50-day moving average is currently $48.39. The company has a market cap of $8.654 billion and a P/E ratio of 12.73.

KLA-Tencor last posted its quarterly earnings results on Thursday, January 24th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.06. The company had revenue of $673.00 million for the quarter, compared to the consensus estimate of $634.90 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. KLA-Tencor has set its Q3 guidance at $0.76-0.96 EPS. Analysts expect that KLA-Tencor (KLAC) will post $3.13 EPS for the current fiscal year.

KLA-Tencor Corporation (KLA-Tencor) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.

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