KLA-Tencor Corp. (NASDAQ:KLAC) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.67-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80, Stock Ratings Network.com reports. The company issued revenue guidance of $670-730 million, compared to the consensus revenue estimate of $704.75 million.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of KLA-Tencor Corp. from $63.50 to $70.00 in a research note to investors on Monday, October 28th. They now have a buy rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of KLA-Tencor Corp. in a research note to investors on Monday, October 28th. They now have a $67.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of KLA-Tencor Corp. from $66.00 to $72.00 in a research note to investors on Friday, October 25th. They now have an outperform rating on the stock. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. KLA-Tencor Corp. has a consensus rating of Buy and a consensus price target of $64.31.
KLA-Tencor Corp. (NASDAQ:KLAC) opened at 61.93 on Thursday. KLA-Tencor Corp. has a 52-week low of $46.25 and a 52-week high of $67.05. The stock has a 50-day moving average of $63.85 and a 200-day moving average of $59.51. The company has a market cap of $10.321 billion and a price-to-earnings ratio of 20.74.
KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $658.30 million for the quarter, compared to the consensus estimate of $657.50 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts predict that KLA-Tencor Corp. will post $3.80 earnings per share for the current fiscal year.
KLA-Tencor Corporation (NASDAQ:KLAC) is engaged in the design, manufacture and marketing of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
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