Royce & Associates LP raised its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 40.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,507,921 shares of the semiconductor company’s stock after buying an additional 721,000 shares during the period. Royce & Associates LP owned about 3.53% of Kulicke and Soffa Industries worth $47,701,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in Kulicke and Soffa Industries by 909,858.7% in the first quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock worth $112,421,000 after buying an additional 5,531,941 shares during the period. Vanguard Group Inc. boosted its stake in Kulicke and Soffa Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,823,711 shares of the semiconductor company’s stock worth $37,059,000 after buying an additional 111,157 shares during the period. Alliancebernstein L.P. boosted its stake in Kulicke and Soffa Industries by 441.6% in the first quarter. Alliancebernstein L.P. now owns 1,584,570 shares of the semiconductor company’s stock worth $32,198,000 after buying an additional 1,292,007 shares during the period. Acadian Asset Management LLC boosted its stake in Kulicke and Soffa Industries by 28.4% in the second quarter. Acadian Asset Management LLC now owns 1,396,391 shares of the semiconductor company’s stock worth $26,560,000 after buying an additional 308,501 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $19,020,000. Institutional investors and hedge funds own 98.49% of the company’s stock.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) opened at 18.63 on Friday. The stock has a market capitalization of $1.32 billion, a PE ratio of 15.49 and a beta of 1.25. The stock has a 50 day moving average price of $20.46 and a 200-day moving average price of $20.69. Kulicke and Soffa Industries, Inc. has a 52-week low of $11.29 and a 52-week high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21. The firm had revenue of $243.90 million during the quarter, compared to the consensus estimate of $245.02 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities research analysts anticipate 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 authorized a share repurchase program 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 programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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KLIC has been the subject of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a research report on Wednesday, August 2nd. BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.50.

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.

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

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