Royce & Associates LP Buys 438,168 Shares of Kulicke and Soffa Industries Inc. (KLIC)

Royce & Associates LP lifted its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 17.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,946,089 shares of the semiconductor company’s stock after acquiring an additional 438,168 shares during the quarter. Royce & Associates LP owned 4.14% of Kulicke and Soffa Industries worth $63,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Kulicke and Soffa Industries by 0.3% during the second quarter. Arizona State Retirement System now owns 37,063 shares of the semiconductor company’s stock worth $705,000 after acquiring an additional 100 shares during the period. Geneva Advisors LLC increased its position in shares of Kulicke and Soffa Industries by 0.4% during the second quarter. Geneva Advisors LLC now owns 28,457 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 112 shares during the period. Aperio Group LLC increased its position in shares of Kulicke and Soffa Industries by 0.9% during the second quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 180 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Kulicke and Soffa Industries by 1.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 207 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Kulicke and Soffa Industries by 0.9% during the second quarter. Texas Permanent School Fund now owns 51,827 shares of the semiconductor company’s stock worth $986,000 after acquiring an additional 454 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on KLIC. Bank of America upped 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 upped 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. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, November 27th. BidaskClub lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.38.

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) opened at $23.99 on Thursday. The company has a market capitalization of $1,674.72, a price-to-earnings ratio of 13.55, a P/E/G ratio of 1.04 and a beta of 1.38. The company has a quick ratio of 4.15, a current ratio of 4.76 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries Inc. has a twelve month low of $15.80 and a twelve month high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, beating the 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 15.13% and a net margin of 16.85%. Kulicke and Soffa Industries’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share. equities analysts expect that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its board has approved a stock repurchase plan on Tuesday, August 15th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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