Copper Rock Capital Partners LLC Sells 341,606 Shares of Kulicke and Soffa Industries Inc. (KLIC)

Copper Rock Capital Partners LLC trimmed its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 18.0% during the 4th quarter, Holdings Channel reports. The fund owned 1,556,376 shares of the semiconductor company’s stock after selling 341,606 shares during the quarter. Kulicke and Soffa Industries accounts for approximately 2.3% of Copper Rock Capital Partners LLC’s portfolio, making the stock its 9th largest position. Copper Rock Capital Partners LLC’s holdings in Kulicke and Soffa Industries were worth $37,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Kulicke and Soffa Industries by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,993,880 shares of the semiconductor company’s stock worth $129,288,000 after acquiring an additional 22,569 shares during the last quarter. Royce & Associates LP grew its position in Kulicke and Soffa Industries by 17.5% during the 3rd quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock worth $63,547,000 after acquiring an additional 438,168 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Kulicke and Soffa Industries during the 3rd quarter worth approximately $61,608,000. Vanguard Group Inc. grew its position in Kulicke and Soffa Industries by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock worth $38,679,000 after acquiring an additional 209,884 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Kulicke and Soffa Industries by 7.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,705,980 shares of the semiconductor company’s stock worth $32,448,000 after acquiring an additional 121,410 shares during the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.

A number of equities research analysts have recently weighed in on KLIC shares. Bank of America lifted their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 15th. DA Davidson lifted their price objective on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. BidaskClub lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. B. Riley reiterated a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, November 13th. Finally, Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Kulicke and Soffa Industries presently has an average rating of “Buy” and a consensus target price of $27.38.

Shares of Kulicke and Soffa Industries Inc. (KLIC) traded down $0.02 during mid-day trading on Monday, hitting $25.69. The stock had a trading volume of 344,229 shares, compared to its average volume of 430,600. The company has a market cap of $1,810.00, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.27 and a beta of 1.38. Kulicke and Soffa Industries Inc. has a 12-month low of $16.17 and a 12-month high of $28.71. The company has a current ratio of 4.76, a quick ratio of 4.15 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.15. The firm had revenue of $215.89 million for the quarter, compared to analyst estimates of $208.20 million. Kulicke and Soffa Industries had a return on equity of 14.54% and a net margin of 13.85%. The business’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. research analysts forecast that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current fiscal year.

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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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