Todays Report: Today, Chevy Chase Trust Holdings Inc. decides to keep it stake in KLA-Tencor Corp. (KLAC) to the level of $9,074,000

Today, Chevy Chase Trust Holdings Inc. decides to keep it stake in KLA-Tencor Corp. (KLAC) to the level of $9,074,000

Chevy Chase Trust Holdings Inc. cut its stake in KLA-Tencor Corp. (NASDAQ:KLAC) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 130,173 shares of the company’s stock after selling 2,841 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in KLA-Tencor Corp. were worth $9,074,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in KLA-Tencor Corp. by 2.1% in the second quarter. Vanguard Group Inc. now owns 14,514,615 shares of the company’s stock valued at $1,063,195,000 after buying an additional 294,033 shares during the last quarter. JPMorgan Chase & Co. boosted its position in KLA-Tencor Corp. by 23.7% in the second quarter. JPMorgan Chase & Co. now owns 13,524,187 shares of the company’s stock valued at $990,649,000 after buying an additional 2,592,262 shares during the last quarter. Primecap Management Co. CA boosted its position in KLA-Tencor Corp. by 6.1% in the second quarter. Primecap Management Co. CA now owns 13,212,268 shares of the company’s stock valued at $967,799,000 after buying an additional 762,672 shares during the last quarter. Westchester Capital Management LLC boosted its position in KLA-Tencor Corp. by 5.6% in the second quarter. Westchester Capital Management LLC now owns 2,854,514 shares of the company’s stock valued at $209,093,000 after buying an additional 150,206 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in KLA-Tencor Corp. by 10.6% in the second quarter. BlackRock Fund Advisors now owns 2,783,074 shares of the company’s stock valued at $203,860,000 after buying an additional 267,092 shares during the last quarter. 87.12% of the stock is owned by institutional investors and hedge funds.

Shares of KLA-Tencor Corp. (NASDAQ:KLAC) traded up 0.29% during trading on Monday, hitting $82.51. 830,807 shares of the company were exchanged. KLA-Tencor Corp. has a 12 month low of $62.33 and a 12 month high of $83.23. The firm’s 50-day moving average price is $75.35 and its 200 day moving average price is $72.73. The firm has a market capitalization of $12.90 billion, a PE ratio of 16.62 and a beta of 1.60.

KLA-Tencor Corp. (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, October 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.13. KLA-Tencor Corp. had a net margin of 25.15% and a return on equity of 138.28%. The company earned $751 million during the quarter, compared to analyst estimates of $735.01 million. During the same period last year, the firm posted $0.71 EPS. KLA-Tencor Corp.’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts expect that KLA-Tencor Corp. will post $5.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, November 10th. This is a positive change from KLA-Tencor Corp.’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 2.62%. KLA-Tencor Corp.’s dividend payout ratio (DPR) is currently 43.55%.

Several analysts recently issued reports on KLAC shares. Zacks Investment Research lowered shares of KLA-Tencor Corp. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. B. Riley restated a “neutral” rating and set a $78.00 target price on shares of KLA-Tencor Corp. in a research report on Tuesday, August 2nd. Susquehanna restated a “neutral” rating on shares of KLA-Tencor Corp. in a research report on Saturday, August 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of KLA-Tencor Corp. in a research report on Wednesday, August 17th. Finally, Cowen and Company upgraded shares of KLA-Tencor Corp. from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $79.00 to $80.00 in a research report on Monday, August 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. KLA-Tencor Corp. has a consensus rating of “Buy” and an average price target of $81.80.

In other KLA-Tencor Corp. news, Director Kiran M. Patel sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $82.45, for a total transaction of $494,700.00. Following the completion of the transaction, the director now directly owns 2,141 shares of the company’s stock, valued at approximately $176,525.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ahmad A. Khan sold 10,775 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $74.82, for a total transaction of $806,185.50. Following the transaction, the executive vice president now directly owns 17,173 shares of the company’s stock, valued at $1,284,883.86. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

About KLA-Tencor Corp.

KLA-Tencor Corporation is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in various other industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

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