9,826 Shares in KLA-Tencor Corp (KLAC) Acquired by Mercer Global Advisors Inc. ADV

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Mercer Global Advisors Inc. ADV bought a new position in KLA-Tencor Corp (NASDAQ:KLAC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,826 shares of the semiconductor company’s stock, valued at approximately $1,173,000.

Several other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in KLA-Tencor by 0.4% in the fourth quarter. CIBC Asset Management Inc now owns 22,741 shares of the semiconductor company’s stock worth $2,035,000 after acquiring an additional 96 shares during the period. Thrivent Financial for Lutherans lifted its stake in KLA-Tencor by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,813 shares of the semiconductor company’s stock worth $610,000 after acquiring an additional 120 shares during the period. Norway Savings Bank lifted its stake in KLA-Tencor by 4.9% in the first quarter. Norway Savings Bank now owns 3,190 shares of the semiconductor company’s stock worth $381,000 after acquiring an additional 150 shares during the period. AlphaMark Advisors LLC lifted its stake in KLA-Tencor by 0.5% in the fourth quarter. AlphaMark Advisors LLC now owns 30,751 shares of the semiconductor company’s stock worth $2,752,000 after acquiring an additional 151 shares during the period. Finally, Hills Bank & Trust Co. lifted its position in KLA-Tencor by 1.1% during the first quarter. Hills Bank & Trust Co. now owns 13,688 shares of the semiconductor company’s stock valued at $1,635,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 92.35% of the company’s stock.

In related news, CFO Bren D. Higgins sold 1,669 shares of KLA-Tencor stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.63, for a total value of $194,655.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ahmad A. Khan sold 3,851 shares of KLA-Tencor stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $107.52, for a total value of $414,059.52. The disclosure for this sale can be found here. Insiders sold a total of 7,661 shares of company stock valued at $860,133 over the last quarter. 0.19% of the stock is owned by corporate insiders.

Several brokerages have commented on KLAC. BidaskClub raised KLA-Tencor from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Needham & Company LLC assumed coverage on KLA-Tencor in a research report on Tuesday, April 16th. They set a “hold” rating for the company. Zacks Investment Research upgraded KLA-Tencor from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Tuesday, April 2nd. Cowen restated an “outperform” rating and set a $140.00 price target (up from $130.00) on shares of KLA-Tencor in a report on Thursday, March 7th. Finally, Goldman Sachs Group assumed coverage on KLA-Tencor in a report on Tuesday, April 9th. They set a “sell” rating and a $107.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.60.

Shares of NASDAQ:KLAC opened at $128.17 on Friday. KLA-Tencor Corp has a 1-year low of $80.65 and a 1-year high of $128.93. The company has a quick ratio of 2.35, a current ratio of 3.03 and a debt-to-equity ratio of 1.24. The firm has a market cap of $19.35 billion, a PE ratio of 16.02, a P/E/G ratio of 1.36 and a beta of 1.61.

KLA-Tencor (NASDAQ:KLAC) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. KLA-Tencor had a return on equity of 92.44% and a net margin of 33.01%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $1.97 earnings per share. On average, sell-side analysts predict that KLA-Tencor Corp will post 8.43 EPS for the current fiscal year.

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About KLA-Tencor

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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

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