$1.54 EPS Expected for KLA-Tencor Corp (KLAC) This Quarter

Equities research analysts expect KLA-Tencor Corp (NASDAQ:KLAC) to post earnings of $1.54 per share for the current quarter, Zacks reports. Four analysts have made estimates for KLA-Tencor Corp’s earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $1.52. KLA-Tencor Corp reported earnings of $1.15 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.9%. The business is expected to announce its next earnings results on Tuesday, April 25th.

According to Zacks, analysts expect that KLA-Tencor Corp will report full-year earnings of $5.71 per share for the current financial year, with EPS estimates ranging from $5.58 to $5.83. For the next financial year, analysts forecast that the firm will report earnings of $6.29 per share, with EPS estimates ranging from $5.88 to $6.64. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow KLA-Tencor Corp.

KLA-Tencor Corp (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 26th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. The company earned $877 million during the quarter, compared to the consensus estimate of $838.78 million. KLA-Tencor Corp had a net margin of 26.50% and a return on equity of 120.32%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share.

KLAC has been the subject of several analyst reports. Needham & Company LLC raised shares of KLA-Tencor Corp from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $86.00 to $95.00 in a report on Wednesday, December 14th. Vetr raised shares of KLA-Tencor Corp from a “hold” rating to a “strong-buy” rating and set a $87.82 price objective for the company in a report on Wednesday, December 14th. Goldman Sachs Group Inc initiated coverage on shares of KLA-Tencor Corp in a report on Monday, December 19th. They issued a “buy” rating and a $90.00 price objective for the company. Zacks Investment Research downgraded shares of KLA-Tencor Corp from a “buy” rating to a “hold” rating in a report on Monday, December 19th. Finally, Summit Redstone reaffirmed a “sell” rating on shares of KLA-Tencor Corp in a report on Saturday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.83.

In other news, insider Bobby R. Bell sold 10,933 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $93.61, for a total transaction of $1,023,438.13. Following the sale, the insider now owns 5,696 shares in the company, valued at approximately $533,202.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian M. Trafas sold 3,064 shares of the firm’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 sale, the insider now owns 5,000 shares in the company, valued at approximately $434,450. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in KLA-Tencor Corp by 89.7% in the third quarter. Global X Management Co. LLC now owns 1,527 shares of the company’s stock valued at $106,000 after buying an additional 722 shares during the period. CENTRAL TRUST Co boosted its stake in KLA-Tencor Corp by 40.0% in the third quarter. CENTRAL TRUST Co now owns 2,100 shares of the company’s stock valued at $146,000 after buying an additional 600 shares during the period. Raymond James Trust N.A. bought a new stake in KLA-Tencor Corp during the first quarter valued at $209,000. Tyers Asset Management LLC bought a new stake in KLA-Tencor Corp during the fourth quarter valued at $176,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in KLA-Tencor Corp during the first quarter valued at $226,000. Hedge funds and other institutional investors own 90.08% of the company’s stock.

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Shares of KLA-Tencor Corp (NASDAQ:KLAC) traded up 0.13% on Thursday, hitting $95.33. 1,134,903 shares of the stock traded hands. KLA-Tencor Corp has a 52 week low of $66.88 and a 52 week high of $97.49. The stock has a 50-day moving average price of $93.65 and a 200 day moving average price of $82.52. The firm has a market cap of $14.94 billion, a P/E ratio of 17.33 and a beta of 1.62.

KLA-Tencor Corp Company Profile

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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