KLA-Tencor Corp (NASDAQ:KLAC) – Stock analysts at KeyCorp issued their Q3 2019 EPS estimates for KLA-Tencor in a note issued to investors on Tuesday, March 5th. KeyCorp analyst W. Twigg forecasts that the semiconductor company will earn $1.64 per share for the quarter. KeyCorp also issued estimates for KLA-Tencor’s Q4 2019 earnings at $1.92 EPS, FY2019 earnings at $8.45 EPS, Q1 2020 earnings at $2.09 EPS, Q2 2020 earnings at $2.29 EPS, Q3 2020 earnings at $2.50 EPS, Q4 2020 earnings at $2.63 EPS and FY2020 earnings at $9.51 EPS.
A number of other brokerages also recently weighed in on KLAC. Zacks Investment Research reissued a “sell” rating on shares of KLA-Tencor in a research report on Tuesday, November 13th. BidaskClub raised KLA-Tencor from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Cowen reissued an “outperform” rating and set a $140.00 price target (up previously from $130.00) on shares of KLA-Tencor in a research report on Thursday. JPMorgan Chase & Co. assumed coverage on KLA-Tencor in a research report on Thursday. They set an “overweight” rating and a $160.00 price target on the stock. Finally, Deutsche Bank boosted their price target on KLA-Tencor from $105.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, February 25th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $130.92.
KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. During the same period in the previous year, the company posted $1.97 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Thursday, February 14th. KLA-Tencor’s payout ratio is presently 37.50%.
In other KLA-Tencor news, CFO Bren D. Higgins sold 1,669 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.63, for a total transaction of $194,655.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ahmad A. Khan sold 3,851 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $107.52, for a total value of $414,059.52. The disclosure for this sale can be found here. Insiders have sold 6,634 shares of company stock valued at $727,913 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Resources Investment Advisors Inc. bought a new position in KLA-Tencor in the 4th quarter valued at about $29,000. JOYN Advisors Inc. lifted its position in KLA-Tencor by 251.0% in the 4th quarter. JOYN Advisors Inc. now owns 344 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 246 shares in the last quarter. Whittier Trust Co. lifted its position in KLA-Tencor by 73.7% in the 4th quarter. Whittier Trust Co. now owns 773 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 328 shares in the last quarter. Quantamental Technologies LLC bought a new position in KLA-Tencor in the 4th quarter valued at about $72,000. Finally, Chiron Investment Management LLC bought a new position in KLA-Tencor in the 4th quarter valued at about $81,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.
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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