Robeco Institutional Asset Management B.V. increased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 526.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,230,688 shares of the semiconductor company’s stock after buying an additional 1,034,116 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.73% of Kulicke and Soffa Industries worth $23,409,000 as of its most recent SEC filing.

Other institutional investors 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% in the first quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock worth $122,000 after buying an additional 2,935 shares during the period. Creative Planning boosted its position in Kulicke and Soffa Industries by 9.7% in the first quarter. Creative Planning now owns 6,765 shares of the semiconductor company’s stock worth $137,000 after buying an additional 600 shares during the period. State of Alaska Department of Revenue boosted its position in Kulicke and Soffa Industries by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 7,830 shares of the semiconductor company’s stock worth $159,000 after buying an additional 210 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Kulicke and Soffa Industries by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock worth $172,000 after buying an additional 802 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Kulicke and Soffa Industries by 6.2% in the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after buying an additional 532 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at 18.63 on Monday. Kulicke and Soffa Industries, Inc. has a 12 month low of $11.29 and a 12 month high of $23.00. The stock has a market cap of $1.32 billion, a P/E 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 (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.21. The business had revenue of $243.90 million during the quarter, compared to the consensus estimate of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current fiscal year.

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

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A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, May 3rd. ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and issued a $29.50 price objective on shares of Kulicke and Soffa Industries in a research report on Tuesday, May 9th. Finally, BidaskClub downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. One 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 stock currently has an average rating of “Hold” and an average target price of $28.50.

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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