PFS Investments Inc. Increases Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

PFS Investments Inc. grew its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,366 shares of the semiconductor company’s stock after acquiring an additional 4,539 shares during the quarter. PFS Investments Inc.’s holdings in Kulicke and Soffa Industries were worth $1,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in KLIC. Northern Trust Corp increased its stake in Kulicke and Soffa Industries by 0.9% in the 4th quarter. Northern Trust Corp now owns 737,434 shares of the semiconductor company’s stock worth $44,644,000 after buying an additional 6,815 shares during the period. Bank of New York Mellon Corp increased its stake in Kulicke and Soffa Industries by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 645,337 shares of the semiconductor company’s stock worth $37,609,000 after buying an additional 17,336 shares during the period. Comerica Bank increased its stake in Kulicke and Soffa Industries by 28.9% in the 3rd quarter. Comerica Bank now owns 76,640 shares of the semiconductor company’s stock worth $4,227,000 after buying an additional 17,204 shares during the period. Citigroup Inc. increased its stake in Kulicke and Soffa Industries by 38.6% in the 4th quarter. Citigroup Inc. now owns 120,684 shares of the semiconductor company’s stock worth $7,307,000 after buying an additional 33,639 shares during the period. Finally, KBC Group NV increased its stake in Kulicke and Soffa Industries by 19.7% in the 4th quarter. KBC Group NV now owns 8,531 shares of the semiconductor company’s stock worth $516,000 after buying an additional 1,406 shares during the period. 97.02% of the stock is currently owned by institutional investors and hedge funds.

KLIC has been the topic of several recent research reports. Needham & Company LLC cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Friday, February 4th. B. Riley cut shares of Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $80.00 to $59.00 in a report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating and set a $57.00 target price on the stock in a report on Tuesday, May 10th. Finally, StockNews.com upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Buy” and an average target price of $76.40.

NASDAQ:KLIC opened at $49.77 on Friday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $75.29. The stock has a market capitalization of $2.94 billion, a P/E ratio of 6.33 and a beta of 1.30. The company’s 50-day simple moving average is $53.05 and its 200-day simple moving average is $55.24.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.48. Kulicke and Soffa Industries had a net margin of 28.33% and a return on equity of 46.89%. The business had revenue of $384.28 million for the quarter, compared to analysts’ expectations of $380.25 million. During the same period last year, the business earned $1.26 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 7.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 11th. Investors of record on Thursday, March 24th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, March 23rd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 8.65%.

Kulicke and Soffa Industries announced that its board has approved a share repurchase program on Thursday, March 3rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In related news, EVP Chan Pin Chong sold 2,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

About Kulicke and Soffa Industries (Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

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

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