Kulicke and Soffa Industries, Inc. (KLIC) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,070 shares of the semiconductor company’s stock after purchasing an additional 960 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Kulicke and Soffa Industries were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KLIC. BlackRock Inc. grew its position in Kulicke and Soffa Industries by 909,858.7% during the first quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock valued at $112,421,000 after purchasing an additional 5,531,941 shares in the last quarter. Alliancebernstein L.P. grew its position in Kulicke and Soffa Industries by 441.6% during the first quarter. Alliancebernstein L.P. now owns 1,584,570 shares of the semiconductor company’s stock valued at $32,198,000 after purchasing an additional 1,292,007 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Kulicke and Soffa Industries by 526.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,230,688 shares of the semiconductor company’s stock valued at $23,409,000 after purchasing an additional 1,034,116 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $19,020,000. Finally, Royce & Associates LP grew its position in Kulicke and Soffa Industries by 40.3% during the second quarter. Royce & Associates LP now owns 2,507,921 shares of the semiconductor company’s stock valued at $47,701,000 after purchasing an additional 721,000 shares in the last quarter. 84.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on KLIC shares. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, September 6th. B. Riley reissued a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $26.50.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) opened at 20.17 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $12.48 and a 52-week high of $23.00. The company has a market capitalization of $1.43 billion, a P/E ratio of 16.77 and a beta of 1.27. The firm has a 50-day moving average of $19.17 and a 200 day moving average of $20.53.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.21. The company had revenue of $243.90 million during the quarter, compared to analysts’ expectations of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current year.

Kulicke and Soffa Industries declared that its board has authorized a stock repurchase plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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