California Public Employees Retirement System raised its position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,170 shares of the company’s stock after buying an additional 800 shares during the period. California Public Employees Retirement System owned approximately 0.45% of Kulicke and Soffa Industries worth $4,062,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Group LTD increased its position in Kulicke and Soffa Industries by 6.7% in the first quarter. BlackRock Group LTD now owns 94,756 shares of the company’s stock worth $1,073,000 after buying an additional 5,986 shares during the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Kulicke and Soffa Industries during the first quarter worth $1,149,000. BNP Paribas Arbitrage SA increased its stake in shares of Kulicke and Soffa Industries by 58.3% in the second quarter. BNP Paribas Arbitrage SA now owns 21,073 shares of the company’s stock worth $256,000 after buying an additional 7,759 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Kulicke and Soffa Industries by 47.4% in the second quarter. DNB Asset Management AS now owns 986,586 shares of the company’s stock worth $12,007,000 after buying an additional 317,300 shares in the last quarter. Finally, Foundry Partners LLC purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter worth $2,992,000. Institutional investors own 83.12% of the company’s stock.

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

Shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) traded up 0.96% during mid-day trading on Tuesday, reaching $15.76. 384,462 shares of the company’s stock traded hands. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 23.59 and a beta of 1.23. The company has a 50 day moving average of $13.80 and a 200 day moving average of $12.76. Kulicke and Soffa Industries Inc. has a 12 month low of $9.63 and a 12 month high of $15.95.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Tuesday, November 15th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm earned $145.80 million during the quarter, compared to the consensus estimate of $140.09 million. Kulicke and Soffa Industries had a return on equity of 6.04% and a net margin of 7.51%. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Analysts expect that Kulicke and Soffa Industries Inc. will post $0.90 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another website, it was stolen and republished in violation of U.S. & international copyright & trademark law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2016/11/29/california-public-employees-retirement-system-boosts-position-in-kulicke-and-soffa-industries-inc-klic.html.

A number of analysts recently weighed in on KLIC shares. B. Riley reiterated a “buy” rating and issued a $18.00 price target on shares of Kulicke and Soffa Industries in a research report on Wednesday, November 16th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 6th. Finally, Standpoint Research downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 18th.

In other news, insider Fusen Ernie Chen purchased 20,500 shares of Kulicke and Soffa Industries stock in a transaction dated Friday, November 18th. The shares were bought at an average cost of $15.31 per share, for a total transaction of $313,855.00. Following the completion of the acquisition, the insider now owns 166,263 shares in the company, valued at approximately $2,545,486.53. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian R. Bachman sold 2,442 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $14.00, for a total value of $34,188.00. Following the sale, the director now owns 29,899 shares in the company, valued at $418,586. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Kulicke and Soffa Industries Company 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.

5 Day Chart for NASDAQ:KLIC

Receive News & Stock Ratings for Kulicke and Soffa Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries Inc. and related stocks with our FREE daily email newsletter.