UBS Asset Management Americas Inc. cut its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 47.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,397 shares of the semiconductor company’s stock after selling 14,700 shares during the period. UBS Asset Management Americas Inc.’s holdings in Kulicke and Soffa Industries were worth $262,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KLIC. Franklin Resources Inc. bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at $28,281,000. Norges Bank bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at $19,491,000. Russell Investments Group Ltd. bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at $6,454,000. BlackRock Fund Advisors increased its stake in shares of Kulicke and Soffa Industries by 8.5% in the third quarter. BlackRock Fund Advisors now owns 3,182,061 shares of the semiconductor company’s stock valued at $41,144,000 after buying an additional 248,103 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Kulicke and Soffa Industries by 11.1% in the fourth quarter. Royce & Associates LP now owns 1,865,621 shares of the semiconductor company’s stock valued at $29,757,000 after buying an additional 186,333 shares during the last quarter. 94.24% of the stock is owned by institutional investors.

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

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) traded up 0.64% during mid-day trading on Friday, reaching $20.53. The company’s stock had a trading volume of 398,233 shares. Kulicke and Soffa Industries, Inc. has a 12 month low of $11.29 and a 12 month high of $23.00. The company has a 50 day moving average price of $21.73 and a 200 day moving average price of $19.48. The stock has a market capitalization of $1.46 billion, a P/E ratio of 16.83 and a beta of 1.09.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Kulicke and Soffa Industries had a net margin of 12.19% and a return on equity of 10.59%. The business had revenue of $199.60 million for the quarter, compared to analyst estimates of $190.89 million. During the same quarter in the prior year, the business earned $0.07 EPS. Kulicke and Soffa Industries’s quarterly revenue was up 27.6% on a year-over-year basis. On average, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post $1.42 earnings per share for the current fiscal year.

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Several research firms recently commented on KLIC. B. Riley reiterated a “buy” rating and issued a $29.50 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, May 9th. ValuEngine upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Kulicke and Soffa Industries presently has a consensus rating of “Buy” and an average price target of $27.75.

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.

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