Analysts Expect KLA-Tencor Corp (NASDAQ:KLAC) Will Post Quarterly Sales of $1.35 Billion

Wall Street brokerages expect that KLA-Tencor Corp (NASDAQ:KLAC) will post $1.35 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for KLA-Tencor’s earnings. KLA-Tencor reported sales of $1.09 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 23.9%. The firm is expected to report its next earnings results on Monday, November 4th.

On average, analysts expect that KLA-Tencor will report full-year sales of $5.54 billion for the current year, with estimates ranging from $5.39 billion to $5.68 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.85 billion, with estimates ranging from $5.77 billion to $5.92 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for KLA-Tencor.

KLA-Tencor (NASDAQ:KLAC) last issued its earnings results on Monday, August 5th. The semiconductor company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. KLA-Tencor had a net margin of 25.73% and a return on equity of 60.86%. KLA-Tencor’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 EPS.



KLAC has been the subject of several recent analyst reports. KeyCorp upped their target price on shares of KLA-Tencor from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Cowen reaffirmed an “outperform” rating and issued a $170.00 target price (up previously from $155.00) on shares of KLA-Tencor in a report on Wednesday. Goldman Sachs Group downgraded shares of KLA-Tencor from a “neutral” rating to a “sell” rating in a report on Monday, July 22nd. Deutsche Bank upped their target price on shares of KLA-Tencor from $120.00 to $133.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, BidaskClub raised shares of KLA-Tencor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.42.

KLA-Tencor stock traded up $5.38 during mid-day trading on Wednesday, hitting $157.98. The stock had a trading volume of 1,816,686 shares, compared to its average volume of 1,597,230. The firm has a market capitalization of $24.30 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.20 and a beta of 1.68. The company has a current ratio of 2.44, a quick ratio of 1.73 and a debt-to-equity ratio of 1.19. The firm’s 50 day moving average is $142.31 and its 200 day moving average is $124.32. KLA-Tencor has a one year low of $80.65 and a one year high of $158.09.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Wednesday, August 14th. KLA-Tencor’s dividend payout ratio (DPR) is presently 35.46%.

In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 1,988 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $130.46, for a total transaction of $259,354.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian M. Trafas sold 274 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $121.36, for a total transaction of $33,252.64. Following the transaction, the insider now directly owns 274 shares of the company’s stock, valued at approximately $33,252.64. The disclosure for this sale can be found here. Insiders have sold a total of 42,807 shares of company stock valued at $5,860,097 in the last three months. Insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of KLA-Tencor by 13.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 776,709 shares of the semiconductor company’s stock valued at $69,507,000 after buying an additional 89,807 shares in the last quarter. Geode Capital Management LLC raised its position in shares of KLA-Tencor by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 2,374,467 shares of the semiconductor company’s stock valued at $212,281,000 after buying an additional 125,142 shares in the last quarter. Parallel Advisors LLC raised its position in shares of KLA-Tencor by 152.3% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 201 shares in the last quarter. Comerica Bank raised its position in shares of KLA-Tencor by 4.7% during the 1st quarter. Comerica Bank now owns 37,537 shares of the semiconductor company’s stock valued at $4,630,000 after buying an additional 1,693 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of KLA-Tencor by 900.2% during the 1st quarter. Victory Capital Management Inc. now owns 23,025 shares of the semiconductor company’s stock valued at $2,749,000 after buying an additional 20,723 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

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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