Chevy Chase Trust Holdings Inc. reduced its position in KLA-Tencor Corporation (NASDAQ:KLAC) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 135,051 shares of the semiconductor company’s stock after selling 58 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in KLA-Tencor Corporation were worth $12,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont raised its stake in shares of KLA-Tencor Corporation by 3.2% in the first quarter. Trust Co. of Vermont now owns 1,457 shares of the semiconductor company’s stock worth $138,000 after buying an additional 45 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of KLA-Tencor Corporation by 1.5% in the first quarter. Cleararc Capital Inc. now owns 3,845 shares of the semiconductor company’s stock worth $366,000 after buying an additional 58 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of KLA-Tencor Corporation by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,200 shares of the semiconductor company’s stock worth $1,540,000 after buying an additional 80 shares in the last quarter. Legacy Capital Partners Inc. raised its stake in shares of KLA-Tencor Corporation by 3.0% in the first quarter. Legacy Capital Partners Inc. now owns 3,475 shares of the semiconductor company’s stock worth $331,000 after buying an additional 100 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of KLA-Tencor Corporation by 2.0% in the first quarter. Sowell Financial Services LLC now owns 5,069 shares of the semiconductor company’s stock worth $524,000 after buying an additional 100 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

KLA-Tencor Corporation (NASDAQ:KLAC) opened at 99.13 on Tuesday. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 16.55 and a beta of 1.63. KLA-Tencor Corporation has a 52 week low of $66.88 and a 52 week high of $109.59. The stock has a 50 day moving average price of $101.22 and a 200 day moving average price of $92.48.

KLA-Tencor Corporation (NASDAQ:KLAC) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $1.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.08. KLA-Tencor Corporation had a return on equity of 106.36% and a net margin of 27.20%. The firm had revenue of $914 million for the quarter, compared to analysts’ expectations of $895.69 million. During the same quarter last year, the firm earned $1.15 earnings per share. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. Equities research analysts expect that KLA-Tencor Corporation will post $5.89 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first posted by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dailypolitical.com/2017/07/18/chevy-chase-trust-holdings-inc-has-12-36-million-stake-in-kla-tencor-corporation-klac.html.

A number of brokerages have recently issued reports on KLAC. UBS AG lowered KLA-Tencor Corporation to a “neutral” rating in a research note on Monday, April 17th. B. Riley reaffirmed a “buy” rating and issued a $115.00 price target on shares of KLA-Tencor Corporation in a research note on Wednesday, May 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor Corporation in a research note on Tuesday, July 11th. BidaskClub lowered KLA-Tencor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Susquehanna Bancshares Inc reissued a “negative” rating on shares of KLA-Tencor Corporation in a research note on Monday, April 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $94.91.

In related news, SVP Brian Lorig sold 1,663 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $99.81, for a total value of $165,984.03. Following the completion of the sale, the senior vice president now directly owns 1,346 shares of the company’s stock, valued at $134,344.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kevin Kennedy sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $91.33, for a total value of $228,325.00. Following the completion of the sale, the director now directly owns 6,219 shares of the company’s stock, valued at $567,981.27. The disclosure for this sale can be found here. Insiders sold 12,932 shares of company stock worth $1,267,268 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

About KLA-Tencor Corporation

KLA-Tencor Corporation (KLA-Tencor) 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 a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA-Tencor Corporation (NASDAQ:KLAC).

Institutional Ownership by Quarter for KLA-Tencor Corporation (NASDAQ:KLAC)

Receive News & Ratings for KLA-Tencor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA-Tencor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.