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KLA-Tencor Corporation

5/20/2013, 9:04 AM ET

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Friday, May 3, 9:02 AM KLA-Tencor Corporation (KLAC) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.97%. For shareholders of record May 13. Payable June 03. Ex-div date May 09. (PR) Comment! [Dividends]
Friday, April 26, 8:09 AM KLA-Tencor (KLAC) is set to open lower after issuing soft guidance to go with its FQ3 beat. On its earnings call, KLA guided for FQ4 revenue of $670M-$730M (-18% to -25% Y/Y) and EPS of $0.66-$0.86, below a consensus of $763.2M and $0.94. Bookings are expected to total $625M-$775M vs. $738M in FQ3, and Lam says its outlook for chip industry capex "has moderated somewhat" since the beginning of 2013 (no doubt thanks to Intel). Nonetheless, the revenue guidance could be a sign of share loss, particularly in light of Lam Research's more positive outlook. CLSA has "downgraded" KLA to Outperform from Buy. Comment! [Tech]
Thursday, April 25, 4:16 PM KLA-Tencor (KLAC): FQ3 EPS of $1.01 beats by $0.14. Revenue of $729M beats by $2.18M. (PR) Comment! [Earnings, Breaking News, Tech]
Thursday, April 25, 11:57 AM Lam Research (LRCX +6.2%) makes new 52-week highs after beating FQ3 estimates, issuing strong guidance, and announcing a $250M buyback plan (good for buying 3.4% of shares at current levels). On its earnings call, Lam guided for FQ4 revenue of $945M-$1.005B and EPS of of $0.63-$0.77, above a consensus of $914.1M and $0.61. Foundry clients (such as big-spending TSMC) made up 56% of shipments, up from 51% in FQ2, and memory makers 31%, up from 20%. Chip equipment peers are up, taking heart in the numbers posted by Lam (and to a lesser extent) Mattson (MTSN +5.8% - earnings). AMAT +3.6%. KLAC +2.2%. ASML +2.5% (previous). CYMI +2%. RTEC +2.4%. UTEK +1.4%. Comment! [Tech, Earnings, On the Move]
Thursday, April 25, 12:10 AM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Wednesday, April 24, 5:35 PM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Tuesday, April 16, 5:19 PM Chip equipment stocks slip a little in AH trading after Intel lowers its 2013 capex budget range by $1B to $11.5B-$12.5B. AMAT -1.2% AH. KLAC -0.8%. LRCX -0.7%. (previous) Comment! [Tech, On the Move]
Thursday, April 11, 10:22 AM An upgrade to Outperform from Cowen puts Lam Research (LRCX +3%) within striking distance of its 52-week high. Some other chip equipment makers are also outperforming a bit, as investors continue to bet the industry will benefit from an arms race between Intel, TSMC, and Samsung. ASML +1.5%. CYMI +1.2%. KLAC +1.1%. MTSN +3%. Comment! [Tech, On the Move]
Thursday, March 28, 8:40 PM Just 3 chip manufacturers - Intel (INTC), Samsung (SSNLF.PK), and TSMC (TSM) - will account for 57% of 2013 chip industry capex, estimates IC insights. That figure, up from 2012's 54%, drives home the extent chip equipment maker fortunes now hinge on the spending plans of a handful of firms, and also the big lead the industry giants have opened up in economies of scale relative to smaller rivals. IC Insights expects total industry capex to grow 2% this year to $59.8B, after falling 11% last year. 1 Comment [Tech]
Friday, February 22, 6:25 PM Though production and yields have risen, TSMC (TSM +1.1%) is still fully using up its 28nm chip manufacturing capacity thanks to strong demand from mobile clients, Digitimes reports. The report comes shortly after rival UMC warned of a Q1 operating loss due to a "slower than expected" 28nm ramp, and might bode well for TSMC equipment suppliers KLAC and LRCX - TSMC set a relatively light capex budget for 2013. Mobile chipmakers using TSMC's cutting-edge processes include Qualcomm, Broadcom, Nvidia, and MediaTek. Comment! [Tech]
Friday, February 22, 2:03 PM Chip stocks are outperforming (SOXX +2%) in the wake of Marvell's FQ4 beat and solid guidance, and Texas Instruments' dividend/buyback hike. Also norteworthy: 1) SEMI estimates the book-to-bill for North American chip equipment makers rose to 1.14 in January; that's up from 0.92 in December, and the first reading above 1 since May '12. 2) Taiwanese analog chipmakers posted strong January sales thanks to demand from LED and smartphone clients; the results could be a positive leading indicator. Comment! [Tech, On the Move]
Thursday, February 7, 6:48 PM KLA-Tencor Corporation (KLAC) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.82%. For shareholders of record Feb. 19. Payable Mar. 01. Ex-div date Feb. 15. (PR) Comment! [Dividends]
Friday, January 25, 11:39 AM Chip equipment stocks are rallying thanks to strong results and better-than-feared guidance from KLA-Tencor (KLAC +8.8%), and Samsung's forecast for 2013 capex to be similar to 2012 levels. AMAT +2.4%. LRCX +5.6%. ASML +3.2%. CYMI +2.8%. RTEC +1.7%. There had been a lot of speculation Samsung would aggressively slash its capex budget this year. Samsung foundry rival TSMC (TSM -1%) is lower. Comment! [Tech, On the Move]
Thursday, January 24, 5:42 PM After-hours top gainers, as of 5:15 p.m.: TPX +18%. INFA +12%. RMD +6%. KLAC +3%. QIHU +3%.
After-hours top losers: SCSS -17%. FLEX -7%. SFL -6%. ETFC -5%. CPHD -4%. Comment! [On the Move]
Thursday, January 24, 5:31 PM KLA-Tencor (KLAC) guides on its FQ2 call for FQ3 revenue of $690M-$750M and EPS of $0.76-$0.81, which compares with a consensus of $713.9M and $0.81. Shares +2.5% AH. The bar has been set pretty low for chip equipment makers. Comment! [Tech, Earnings]
Thursday, January 24, 4:22 PM KLA-Tencor (KLAC): FQ2 EPS of $0.63 beats by $0.05. Revenue of $673M (+5% Y/Y) beats by $38.1M. Shares +2% AH. (PR) Comment! [Earnings, Breaking News, Tech, On the Move]