Brokerages expect KLA-Tencor Corp (NASDAQ:KLAC) to post sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for KLA-Tencor’s earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. KLA-Tencor posted sales of $938.65 million in the same quarter last year, which suggests a positive year over year growth rate of 11.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, July 30th.
On average, analysts expect that KLA-Tencor will report full year sales of $4.02 billion for the current fiscal year. For the next year, analysts anticipate that the company will report sales of $4.38 billion per share, with estimates ranging from $4.30 billion to $4.46 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow KLA-Tencor.
Get KLA-Tencor alerts:KLA-Tencor (NASDAQ:KLAC) last announced its earnings results on Thursday, April 26th. The semiconductor company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.03. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. KLA-Tencor had a net margin of 18.17% and a return on equity of 86.87%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share.
Several equities research analysts recently weighed in on KLAC shares. BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 17th. Bank of America started coverage on KLA-Tencor in a report on Wednesday, March 21st. They set a “buy” rating and a $140.00 price target for the company. KeyCorp increased their price target on KLA-Tencor from $151.00 to $152.00 and gave the stock an “overweight” rating in a report on Friday, April 27th. Needham & Company LLC downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Finally, ValuEngine downgraded KLA-Tencor from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $130.87.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management lifted its holdings in KLA-Tencor by 18.8% in the first quarter. LSV Asset Management now owns 1,303,850 shares of the semiconductor company’s stock valued at $142,132,000 after acquiring an additional 206,300 shares during the period. Goldman Sachs Group Inc. lifted its holdings in KLA-Tencor by 5.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,010,152 shares of the semiconductor company’s stock valued at $106,137,000 after acquiring an additional 49,236 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in KLA-Tencor by 75.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 980,219 shares of the semiconductor company’s stock valued at $106,854,000 after acquiring an additional 422,358 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in KLA-Tencor by 51.6% in the second quarter. Miller Howard Investments Inc. NY now owns 828,918 shares of the semiconductor company’s stock valued at $84,989,000 after acquiring an additional 282,042 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in KLA-Tencor by 2.3% in the first quarter. Franklin Resources Inc. now owns 765,548 shares of the semiconductor company’s stock valued at $83,453,000 after acquiring an additional 17,418 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.
Shares of KLA-Tencor traded down $1.74, hitting $108.49, during mid-day trading on Thursday, according to Marketbeat.com. 1,314,700 shares of the company were exchanged, compared to its average volume of 1,448,068. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.78 and a quick ratio of 3.07. KLA-Tencor has a 1-year low of $87.93 and a 1-year high of $123.96. The company has a market cap of $16.51 billion, a PE ratio of 18.26, a P/E/G ratio of 0.73 and a beta of 1.53.
KLA-Tencor Company Profile
KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nano-electronics industries worldwide. It offers chip manufacturing products, such as front-end defect inspection tools, defect review systems, advanced packaging process control systems, metrology solutions, in-situ process monitoring products, and lithography software; wafer manufacturing products comprising wafer manufacturing products comprising surface and defect inspection, wafer geometry and nanotopography metrology, and data management; and reticle manufacturing products, such as defect inspection and pattern placement metrology products.
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