$1.25 Billion in Sales Expected for KLA-Tencor Corp (NASDAQ:KLAC) This Quarter

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Wall Street analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to report sales of $1.25 billion for the current quarter, Zacks reports. Four analysts have made estimates for KLA-Tencor’s earnings. The lowest sales estimate is $1.24 billion and the highest is $1.25 billion. KLA-Tencor posted sales of $1.07 billion in the same quarter last year, which would indicate a positive year over year growth rate of 16.8%. The firm is expected to issue its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that KLA-Tencor will report full-year sales of $4.56 billion for the current fiscal year, with estimates ranging from $4.55 billion to $4.57 billion. For the next year, analysts expect that the business will report sales of $5.42 billion, with estimates ranging from $5.18 billion to $5.52 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Monday, May 6th. The semiconductor company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.17. KLA-Tencor had a return on equity of 72.34% and a net margin of 29.83%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $2.02 EPS. The business’s revenue was up 7.4% compared to the same quarter last year.

KLAC has been the topic of several analyst reports. BidaskClub raised shares of KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Stifel Nicolaus increased 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, March 5th. Zacks Investment Research raised shares of KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a research report on Tuesday, April 2nd. UBS Group increased their target price on shares of KLA-Tencor from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of KLA-Tencor in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $133.36.

In related news, EVP Ahmad A. Khan sold 3,633 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $116.25, for a total value of $422,336.25. Following the transaction, the executive vice president now directly owns 549 shares in the company, valued at approximately $63,821.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teri A. Little sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $110.38, for a total transaction of $165,570.00. Following the completion of the transaction, the executive vice president now owns 5,517 shares in the company, valued at $608,966.46. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Several large investors have recently modified their holdings of KLAC. FMR LLC grew its holdings in KLA-Tencor by 7.6% in the 1st quarter. FMR LLC now owns 2,263,548 shares of the semiconductor company’s stock valued at $270,289,000 after buying an additional 160,066 shares during the last quarter. Horizon Investments LLC acquired a new stake in shares of KLA-Tencor during the 1st quarter worth approximately $217,000. Metropolitan Life Insurance Co NY grew its holdings in shares of KLA-Tencor by 3.8% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 31,179 shares of the semiconductor company’s stock worth $3,723,000 after purchasing an additional 1,141 shares in the last quarter. Cleararc Capital Inc. grew its holdings in shares of KLA-Tencor by 4.7% during the 1st quarter. Cleararc Capital Inc. now owns 2,750 shares of the semiconductor company’s stock worth $328,000 after purchasing an additional 124 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of KLA-Tencor by 7.3% during the 1st quarter. MetLife Investment Advisors LLC now owns 46,957 shares of the semiconductor company’s stock worth $5,607,000 after purchasing an additional 3,181 shares in the last quarter. 88.82% of the stock is currently owned by institutional investors.

Shares of KLAC traded up $0.05 during mid-day trading on Wednesday, hitting $111.66. 43,494 shares of the company’s stock were exchanged, compared to its average volume of 1,521,285. KLA-Tencor has a twelve month low of $80.65 and a twelve month high of $129.03. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.16 and a beta of 1.71. The company has a quick ratio of 1.84, a current ratio of 2.61 and a debt-to-equity ratio of 1.10.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.00 annualized dividend and a yield of 2.69%. KLA-Tencor’s dividend payout ratio (DPR) is presently 37.50%.

KLA-Tencor Company Profile

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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