KLA-Tencor Corporation (KLAC) Issues Q3 Earnings Guidance

KLA-Tencor Corporation (KLAC) Issues Q3 Earnings Guidance

KLA-Tencor Corporation (NASDAQ:KLAC) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of 1.42-1.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42. The company issued revenue guidance of 860-920 million, compared to the consensus revenue estimate of $848.91 million.

Shares of KLA-Tencor Corporation (NASDAQ:KLAC) opened at 86.16 on Monday. The stock has a 50 day moving average price of $80.04 and a 200 day moving average price of $75.12. The firm has a market cap of $13.50 billion, a PE ratio of 15.66 and a beta of 1.60. KLA-Tencor Corporation has a 12 month low of $62.33 and a 12 month high of $87.96.

KLA-Tencor Corporation (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 26th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. KLA-Tencor Corporation had a net margin of 26.50% and a return on equity of 134.97%. The firm earned $877 million during the quarter, compared to analysts’ expectations of $838.78 million. During the same quarter in the previous year, the company posted $1.04 EPS. KLA-Tencor Corporation’s revenue was up 23.5% on a year-over-year basis. On average, equities research analysts expect that KLA-Tencor Corporation will post $5.72 EPS for the current year.

KLAC has been the subject of several recent research reports. B. Riley reiterated a buy rating and set a $91.00 target price on shares of KLA-Tencor Corporation in a research report on Monday, January 23rd. Needham & Company LLC upped their target price on shares of KLA-Tencor Corporation from $95.00 to $105.00 and gave the company a strong-buy rating in a research report on Friday. Vetr cut shares of KLA-Tencor Corporation from a strong-buy rating to a buy rating and set a $88.55 target price for the company. in a research report on Monday, December 26th. Zacks Investment Research cut shares of KLA-Tencor Corporation from a buy rating to a hold rating in a research report on Tuesday, November 8th. Finally, Cowen and Company upped their target price on shares of KLA-Tencor Corporation from $85.00 to $96.00 and gave the company an outperform rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $86.76.

In other news, Director Kiran M. Patel sold 6,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $82.45, for a total value of $494,700.00. Following the sale, the director now directly owns 2,141 shares of the company’s stock, valued at approximately $176,525.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Richard P. Wallace sold 35,000 shares of the company’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $79.17, for a total transaction of $2,770,950.00. Following the completion of the sale, the insider now directly owns 75,945 shares in the company, valued at $6,012,565.65. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. boosted its position in KLA-Tencor Corporation by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 2,829 shares of the company’s stock valued at $208,000 after buying an additional 22 shares in the last quarter. Veritable L.P. boosted its position in KLA-Tencor Corporation by 1.0% in the second quarter. Veritable L.P. now owns 6,947 shares of the company’s stock valued at $509,000 after buying an additional 69 shares in the last quarter. Advisor Partners LLC boosted its position in KLA-Tencor Corporation by 2.5% in the second quarter. Advisor Partners LLC now owns 3,739 shares of the company’s stock valued at $274,000 after buying an additional 90 shares in the last quarter. Advantus Capital Management Inc boosted its position in KLA-Tencor Corporation by 0.7% in the second quarter. Advantus Capital Management Inc now owns 15,151 shares of the company’s stock valued at $1,110,000 after buying an additional 104 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in KLA-Tencor Corporation by 7.2% in the second quarter. Bank of Nova Scotia now owns 3,129 shares of the company’s stock valued at $229,000 after buying an additional 210 shares in the last quarter. 88.09% of the stock is currently owned by institutional investors.

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.

Related posts

Leave a Comment