KLA-Tencor (KLAC) Releases Q3 Earnings Guidance

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KLA-Tencor (NASDAQ:KLAC) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.45-1.79 for the period, compared to the Thomson Reuters consensus estimate of $1.64. The company issued revenue guidance of $1.025-1.115 billion, compared to the consensus revenue estimate of $1.04 billion.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of KLA-Tencor in a research report on Thursday. They issued an overweight rating on the stock. Cowen upped their target price on shares of KLA-Tencor from $130.00 to $140.00 and gave the stock an outperform rating in a research report on Thursday. Stifel Nicolaus upped their target price on shares of KLA-Tencor from $124.00 to $130.00 and gave the stock a buy rating in a research report on Tuesday. Deutsche Bank upped their target price on shares of KLA-Tencor from $105.00 to $115.00 and gave the stock a hold rating in a research report on Monday, February 25th. Finally, BidaskClub raised shares of KLA-Tencor from a hold rating to a buy rating in a research report on Saturday, February 23rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $128.50.

Shares of KLAC stock opened at $114.50 on Thursday. KLA-Tencor has a one year low of $80.65 and a one year high of $123.96. The stock has a market cap of $17.44 billion, a P/E ratio of 14.31, a PEG ratio of 1.93 and a beta of 1.59. The company has a current ratio of 3.03, a quick ratio of 2.35 and a debt-to-equity ratio of 1.24.

KLA-Tencor (NASDAQ:KLAC) last announced its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $2.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.24. KLA-Tencor had a net margin of 33.01% and a return on equity of 92.44%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $1.97 EPS. On average, analysts forecast that KLA-Tencor will post 8.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Thursday, February 14th. KLA-Tencor’s dividend payout ratio (DPR) is 37.50%.

In related news, insider Brian M. Trafas sold 1,114 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $107.00, for a total transaction of $119,198.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ahmad A. Khan sold 3,851 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $107.52, for a total transaction of $414,059.52. The disclosure for this sale can be found here. Insiders have sold a total of 6,634 shares of company stock worth $727,913 over the last three months. 0.19% of the stock is currently owned by insiders.

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About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Earnings History and Estimates for KLA-Tencor (NASDAQ:KLAC)

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