KLA-Tencor Corporation (KLAC) Expected to Announce Earnings of $1.70 Per Share
Wall Street brokerages expect that KLA-Tencor Corporation (NASDAQ:KLAC) will post $1.70 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for KLA-Tencor Corporation’s earnings. The lowest EPS estimate is $1.57 and the highest is $1.76. KLA-Tencor Corporation reported earnings of $1.52 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The firm is expected to report its next earnings report on Thursday, January 25th.
On average, analysts expect that KLA-Tencor Corporation will report full-year earnings of $7.16 per share for the current year, with EPS estimates ranging from $6.56 to $7.57. For the next financial year, analysts forecast that the business will post earnings of $7.54 per share, with EPS estimates ranging from $7.49 to $7.58. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for KLA-Tencor Corporation.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.17. KLA-Tencor Corporation had a return on equity of 84.61% and a net margin of 27.82%. The firm had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $946.86 million. During the same quarter in the previous year, the business earned $1.16 earnings per share. The company’s revenue was up 29.2% on a year-over-year basis.
Several research firms have recently weighed in on KLAC. Credit Suisse Group set a $115.00 price target on KLA-Tencor Corporation and gave the stock a “buy” rating in a research note on Saturday, July 29th. BidaskClub cut KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. B. Riley restated a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a research note on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) cut KLA-Tencor Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $108.00 to $97.00 in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $107.51.
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In other KLA-Tencor Corporation news, Director Emiko Higashi sold 500 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $110.00, for a total value of $55,000.00. Following the completion of the sale, the director now owns 13,588 shares in the company, valued at $1,494,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bobby R. Bell sold 3,526 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $89.93, for a total value of $317,093.18. Following the completion of the sale, the insider now owns 9,633 shares of the company’s stock, valued at approximately $866,295.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,786 shares of company stock valued at $2,654,063. Company insiders own 0.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of KLAC. Janus Henderson Group PLC increased its position in KLA-Tencor Corporation by 24,123.6% in the second quarter. Janus Henderson Group PLC now owns 4,308,404 shares of the semiconductor company’s stock worth $394,262,000 after buying an additional 4,290,618 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of KLA-Tencor Corporation by 375.7% in the third quarter. Ameriprise Financial Inc. now owns 1,120,753 shares of the semiconductor company’s stock worth $118,799,000 after acquiring an additional 885,147 shares during the period. Pictet Asset Management Ltd. boosted its stake in shares of KLA-Tencor Corporation by 46.0% in the third quarter. Pictet Asset Management Ltd. now owns 2,444,102 shares of the semiconductor company’s stock worth $259,075,000 after acquiring an additional 770,480 shares during the period. Koch Industries Inc. boosted its stake in shares of KLA-Tencor Corporation by 16,899.5% in the second quarter. Koch Industries Inc. now owns 745,260 shares of the semiconductor company’s stock worth $737,000 after acquiring an additional 740,876 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of KLA-Tencor Corporation by 9,592.9% in the third quarter. Nordea Investment Management AB now owns 638,377 shares of the semiconductor company’s stock worth $67,668,000 after acquiring an additional 631,791 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
KLA-Tencor Corporation (NASDAQ KLAC) traded down $0.33 during mid-day trading on Friday, hitting $101.60. The stock had a trading volume of 983,190 shares, compared to its average volume of 1,221,520. KLA-Tencor Corporation has a 52-week low of $74.66 and a 52-week high of $110.00. The company has a quick ratio of 2.59, a current ratio of 3.11 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $15,920.00, a PE ratio of 15.57 and a beta of 1.68.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 14th. KLA-Tencor Corporation’s payout ratio is 36.20%.
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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