KLA-Tencor Corporation (KLAC) Scheduled to Post Earnings on Thursday
KLA-Tencor Corporation (NASDAQ:KLAC) is set to post its quarterly earnings results after the market closes on Thursday, October 26th. Analysts expect KLA-Tencor Corporation to post earnings of $1.63 per share for the quarter.
KLA-Tencor Corporation (NASDAQ:KLAC) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. KLA-Tencor Corporation had a return on equity of 88.61% and a net margin of 26.61%. The company had revenue of $938.60 million for the quarter, compared to the consensus estimate of $923.80 million. During the same quarter in the prior year, the business earned $1.77 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect KLA-Tencor Corporation to post $6.8 EPS for the current fiscal year and $7.27 EPS for the next fiscal year.
KLA-Tencor Corporation (NASDAQ KLAC) opened at 108.09 on Thursday. The firm has a market cap of $16.95 billion, a P/E ratio of 18.38 and a beta of 1.68. The stock has a 50 day moving average price of $100.70 and a 200 day moving average price of $98.31. KLA-Tencor Corporation has a 52-week low of $71.11 and a 52-week high of $109.59.
In other news, SVP Brian Lorig sold 2,893 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $95.24, for a total transaction of $275,529.32. Following the completion of the transaction, the senior vice president now directly owns 566 shares in the company, valued at approximately $53,905.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bobby R. Bell sold 4,236 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $105.51, for a total transaction of $446,940.36. Following the transaction, the insider now owns 8,908 shares of the company’s stock, valued at $939,883.08. The disclosure for this sale can be found here. Insiders have sold a total of 84,512 shares of company stock valued at $7,726,826 over the last 90 days. Company insiders own 0.20% of the company’s stock.
A number of research analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Wednesday, August 2nd. Cowen and Company reiterated a “buy” rating and issued a $120.00 price objective on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. KeyCorp reiterated a “hold” rating on shares of KLA-Tencor Corporation in a research note on Sunday. BidaskClub lowered shares of KLA-Tencor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of KLA-Tencor Corporation from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. KLA-Tencor Corporation currently has a consensus rating of “Hold” and a consensus target price of $101.32.
KLA-Tencor Corporation 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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