SG Americas Securities LLC boosted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 100.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,911 shares of the semiconductor company’s stock after purchasing an additional 8,489 shares during the period. SG Americas Securities LLC’s holdings in Kulicke and Soffa Industries were worth $322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings 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 acquiring an additional 5,531,941 shares during the period. Vanguard Group Inc. raised its holdings in Kulicke and Soffa Industries by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,823,711 shares of the semiconductor company’s stock valued at $37,059,000 after acquiring an additional 111,157 shares during the period. Alliancebernstein L.P. raised its holdings 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 acquiring an additional 1,292,007 shares during the period. Acadian Asset Management LLC raised its holdings in Kulicke and Soffa Industries by 28.4% during the second quarter. Acadian Asset Management LLC now owns 1,396,391 shares of the semiconductor company’s stock valued at $26,560,000 after acquiring an additional 308,501 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in Kulicke and Soffa Industries during the second quarter valued at about $19,020,000. Institutional investors own 84.91% of the company’s stock.

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A number of equities research analysts have commented on KLIC shares. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. B. Riley reissued a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, June 29th. ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.50.

Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at 19.12 on Friday. The company has a market capitalization of $1.36 billion, a PE ratio of 15.89 and a beta of 1.27. The firm’s 50-day moving average price is $19.33 and its 200-day moving average price is $20.55. Kulicke and Soffa Industries, Inc. has a 12-month low of $11.85 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 for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.21. The firm had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. Kulicke and Soffa Industries’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.45 EPS. On average, analysts expect that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its board has approved a share buyback plan on Tuesday, August 15th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.

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

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