Tencor Corporation (KLAC) : Q116 Earnings Whisper

Lam Research says that the merger will enable the combined company to provide optimized results in partnership with its customers. The net result was for 2 transactions, worth $1.22 million. A full list of current ratings follows at the end of this release. The Company also develops manufactures, sells and supports equipment used in grinding, lapping and polishing precision parts used in a spectrum of industrial applications.In June 2012, Lam Research completed its merger with Novellus Systems, Inc.

KLA-Tencor Corporation (NASDAQ:KLAC): On Thursday heightened volatility was witnessed in KLA-Tencor Corporation (NASDAQ:KLAC) which led to swings in the share price. The firm had revenue of $643 million for the quarter, compared to analysts’ expectations of $625.47 million. The corporation has return on equity of 33.40% and while returns on assets was calculated 9.20% with -25.65% year to date performance. The combined company expects to realize US$250 million in annualized cost synergies within 18 to 24 months of closing and anticipates generating approximately US$600 million in incremental annual revenues by 2020 through improved differentiation of each company’s products and creation of new capabilities. Deutsche Bank reiterated a buy rating and set a $85.00 target price on shares of Lam Research in a research report on Monday, October 12th. KLA shareholders can elect to be paid exclusively in cash, exclusively in stock, or through a mixture of cash and stock. The Company’s customer base includes semiconductor memory, foundry and integrated device manufacturers (IDMs) that make various products, including DRAM, NAND memory and logic devices. With Lam Research announcing a deal to take over KLA-Tencor and Fiat’s Ferrari to list itself in the NYSE, a few buoyancy could not be ruled out. Dorsal Capital Management Llc is another bullish fund who is having 1.00M shares of Lam Research or 8.12% of their portfolio. In the last 50 and 100 days, Lam Research is down 2.62% and down 14.8%, respectively. Around 3% of the company’s shares, which are float, are short sold.

KLA-Tencor Corp(NASDAQ:KLAC) stock traded at a volume of 11.60 Millionshares versus 30-day average of 2.67 Millionshares.

Lam Research Corporation (NASDAQ: LRCX ) announced its plans to buy KLA-Tencor in a $10.6 billion deal.

American corporations – including Apple, one of his own biggest investments – are holding more than $2.2 trillion overseas, Icahn said.

Several equities analysts have recently issued reports on the company. LIQUIDITY Fitch believes KLA-Tencor’s liquidity on a standalone basis was solid as of September 30, 2015 and supported by: -$2.3 billion of cash and cash equivalents, the majority of which Fitch believes was located in the USA; -An undrawn $500 million RCF. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.11. Additionally, KLA-Tencor has beat consensus analyst estimates for adjusted EPS, adjusted net income, and sales in each of the past five quarters.