35,492 Shares in Kulicke and Soffa Industries, Inc. (KLIC) Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,492 shares of the semiconductor company’s stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also made changes to their positions in KLIC. UBS Group AG lifted its holdings in shares of Kulicke and Soffa Industries by 95.9% in the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 2,935 shares during the last quarter. Creative Planning lifted its holdings in shares of Kulicke and Soffa Industries by 9.1% in the 2nd quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 617 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 11,247.9% in the 2nd quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock worth $153,000 after acquiring an additional 7,986 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock worth $172,000 after acquiring an additional 802 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Kulicke and Soffa Industries by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after acquiring an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

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Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at 21.96 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 18.25 and a beta of 1.33. The company’s 50-day moving average is $19.76 and its 200-day moving average is $20.59. Kulicke and Soffa Industries, Inc. has a 12-month low of $12.64 and a 12-month high of $23.00.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21. The company had revenue of $243.90 million during the quarter, compared to the consensus estimate of $245.02 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. Kulicke and Soffa Industries’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Analysts predict that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 15th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

KLIC has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Tuesday, July 4th. BidaskClub lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, September 6th. Finally, ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Kulicke and Soffa Industries currently has a consensus rating of “Buy” and an average price target of $26.50.

Kulicke and Soffa Industries Company 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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