KLA-Tencor Corporation (KLAC) to Release Earnings on Wednesday
KLA-Tencor Corporation (NASDAQ:KLAC) is scheduled to be posting its quarterly earnings results on Wednesday, October 18th.
KLA-Tencor Corporation (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $938.60 million during the quarter, compared to the consensus estimate of $923.80 million. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. On average, analysts expect KLA-Tencor Corporation to post $6.74 EPS for the current fiscal year and $7.11 EPS for the next fiscal year.
Shares of KLA-Tencor Corporation (KLAC) opened at 107.33 on Tuesday. KLA-Tencor Corporation has a 12 month low of $71.11 and a 12 month high of $109.59. The company’s 50 day moving average price is $99.56 and its 200-day moving average price is $98.06. The firm has a market capitalization of $16.83 billion, a P/E ratio of 18.25 and a beta of 1.68.
In other news, EVP Ahmad A. Khan sold 4,066 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $89.15, for a total value of $362,483.90. Following the completion of the sale, the executive vice president now owns 5,489 shares in the company, valued at $489,344.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Virendra A. Kirloskar sold 6,307 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $89.15, for a total value of $562,269.05. Following the completion of the sale, the senior vice president now owns 2,022 shares of the company’s stock, valued at approximately $180,261.30. The disclosure for this sale can be found here. Insiders have sold 84,512 shares of company stock valued at $7,726,826 over the last 90 days. 0.20% of the stock is currently owned by insiders.
KLAC has been the topic of several recent analyst reports. Stifel Nicolaus upgraded KLA-Tencor Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $103.00 to $106.00 in a research report on Sunday, August 6th. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating on shares of KLA-Tencor Corporation in a research report on Thursday, August 31st. Cowen and Company reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Tuesday, July 11th. BidaskClub downgraded KLA-Tencor Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of KLA-Tencor Corporation in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $101.32.
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About KLA-Tencor Corporation
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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