Alliancebernstein L.P. boosted its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,705,980 shares of the semiconductor company’s stock after purchasing an additional 121,410 shares during the period. Alliancebernstein L.P. owned 2.40% of Kulicke and Soffa Industries worth $32,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG boosted its position in Kulicke and Soffa Industries by 95.9% during the first quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 2,935 shares during the last quarter. Creative Planning boosted its position in Kulicke and Soffa Industries by 9.1% during the second quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 617 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Kulicke and Soffa Industries by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 802 shares during the last quarter. Bank of Montreal Can boosted its position in Kulicke and Soffa Industries by 6.2% during the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after purchasing an additional 532 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Kulicke and Soffa Industries during the first quarter valued at $209,000. 84.87% of the stock is owned by hedge funds and other institutional investors.

KLIC has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. BidaskClub cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $26.50.

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Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at 20.00 on Tuesday. Kulicke and Soffa Industries, Inc. has a 12 month low of $12.38 and a 12 month high of $23.00. The firm has a 50 day moving average price of $19.22 and a 200-day moving average price of $20.53. The firm has a market cap of $1.42 billion, a PE ratio of 16.63 and a beta of 1.27.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 11.88% and a net margin of 11.61%. Kulicke and Soffa Industries’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, analysts predict that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

About Kulicke and Soffa Industries

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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