KLA-Tencor Corp (NASDAQ:KLAC) – B. Riley cut their Q2 2019 earnings estimates for shares of KLA-Tencor in a research report issued on Tuesday, October 30th. B. Riley analyst C. Ellis now expects that the semiconductor company will earn $2.18 per share for the quarter, down from their prior forecast of $2.32. B. Riley has a “Buy” rating and a $123.00 price target on the stock. B. Riley also issued estimates for KLA-Tencor’s Q3 2019 earnings at $2.32 EPS, Q4 2019 earnings at $2.48 EPS, FY2019 earnings at $9.45 EPS, Q1 2020 earnings at $2.32 EPS, Q2 2020 earnings at $2.33 EPS, Q3 2020 earnings at $2.52 EPS, Q4 2020 earnings at $2.82 EPS, FY2020 earnings at $9.99 EPS and FY2021 earnings at $10.56 EPS.
KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Monday, October 29th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. KLA-Tencor had a return on equity of 96.69% and a net margin of 22.05%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS.
NASDAQ:KLAC opened at $91.54 on Wednesday. The company has a market cap of $13.50 billion, a P/E ratio of 11.44, a PEG ratio of 2.20 and a beta of 1.57. The company has a current ratio of 3.73, a quick ratio of 2.97 and a debt-to-equity ratio of 1.38. KLA-Tencor has a 52-week low of $84.59 and a 52-week high of $123.96.
Institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of KLA-Tencor by 6.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,543 shares of the semiconductor company’s stock valued at $822,000 after buying an additional 477 shares in the last quarter. DnB Asset Management AS lifted its stake in shares of KLA-Tencor by 3.7% in the second quarter. DnB Asset Management AS now owns 19,600 shares of the semiconductor company’s stock valued at $2,010,000 after buying an additional 700 shares in the last quarter. Boltwood Capital Management bought a new position in shares of KLA-Tencor in the second quarter valued at $1,003,000. IFM Investors Pty Ltd lifted its stake in shares of KLA-Tencor by 49.5% in the second quarter. IFM Investors Pty Ltd now owns 6,898 shares of the semiconductor company’s stock valued at $707,000 after buying an additional 2,285 shares in the last quarter. Finally, Cullinan Associates Inc. lifted its stake in shares of KLA-Tencor by 7.3% in the second quarter. Cullinan Associates Inc. now owns 9,600 shares of the semiconductor company’s stock valued at $984,000 after buying an additional 650 shares in the last quarter. 91.96% of the stock is owned by institutional investors.
In other KLA-Tencor news, SVP Virendra A. Kirloskar sold 1,537 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $118.87, for a total transaction of $182,703.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard P. Wallace sold 14,207 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $118.49, for a total value of $1,683,387.43. The disclosure for this sale can be found here. Insiders have sold a total of 51,880 shares of company stock valued at $6,075,839 over the last ninety days. 0.19% of the stock is owned by insiders.
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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