KLA-Tencor Corp. (KLAC) Scheduled to Post Earnings on Thursday

KLA-Tencor Corp. (NASDAQ:KLAC) is set to post its quarterly earnings results after the market closes on Thursday, July 28th. Analysts expect KLA-Tencor Corp. to post earnings of $1.42 per share for the quarter.

KLA-Tencor Corp. (NASDAQ:KLAC) last announced its earnings results on Tuesday, April 26th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.17. The firm earned $712 million during the quarter, compared to analysts’ expectations of $725.62 million. KLA-Tencor Corp.’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. On average, analysts expect KLA-Tencor Corp. to post $4.33 EPS for the current fiscal year and $5.17 EPS for the next fiscal year.

Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.12% on Wednesday, hitting $77.08. 234,792 shares of the stock traded hands. The stock has a market cap of $12.00 billion and a price-to-earnings ratio of 21.12. The stock has a 50-day moving average price of $73.89 and a 200 day moving average price of $70.28. KLA-Tencor Corp. has a 12-month low of $44.95 and a 12-month high of $77.26.

A number of research analysts have issued reports on the company. B. Riley reissued a “neutral” rating and set a $72.00 price objective on shares of KLA-Tencor Corp. in a report on Wednesday, April 27th. Zacks Investment Research cut KLA-Tencor Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Cowen and Company lifted their price target on KLA-Tencor Corp. from $67.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, April 27th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $66.50.

In other news, CFO Bren D. Higgins sold 363 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $72.23, for a total transaction of $26,219.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bobby R. Bell sold 6,343 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $69.18, for a total value of $438,808.74. Following the transaction, the executive vice president now owns 348 shares of the company’s stock, valued at $24,074.64. The disclosure for this sale can be found here.

KLA-Tencor Corporation 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 various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.