Brokerages Anticipate KLA-Tencor Corp (KLAC) Will Announce Earnings of $1.54 Per Share
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KLA-Tencor Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corp and related companies with MarketBeat.com's FREE daily email newsletter.