JPMorgan Chase & Co. grew its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 54.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 687,228 shares of the semiconductor company’s stock after purchasing an additional 242,218 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.97% of Kulicke and Soffa Industries worth $13,072,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of Kulicke and Soffa Industries by 153.5% during the 1st quarter. Bank of Montreal Can now owns 8,611 shares of the semiconductor company’s stock worth $175,000 after purchasing an additional 5,214 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Kulicke and Soffa Industries by 27.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 135,313 shares of the semiconductor company’s stock worth $2,750,000 after purchasing an additional 28,972 shares during the period. Aperio Group LLC lifted its stake in shares of Kulicke and Soffa Industries by 0.9% during the 2nd quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock worth $399,000 after purchasing an additional 180 shares during the period. Wellington Management Group LLP lifted its stake in shares of Kulicke and Soffa Industries by 18.8% during the 1st quarter. Wellington Management Group LLP now owns 189,252 shares of the semiconductor company’s stock worth $3,845,000 after purchasing an additional 29,891 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of Kulicke and Soffa Industries by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 51,827 shares of the semiconductor company’s stock worth $986,000 after purchasing an additional 454 shares during the period. 84.87% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries, Inc. (KLIC) opened at 20.07 on Tuesday. The firm’s 50 day moving average price is $19.17 and its 200-day moving average price is $20.53. Kulicke and Soffa Industries, Inc. has a 52 week low of $12.48 and a 52 week high of $23.00. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 16.68 and a beta of 1.27.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.21. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The firm had revenue of $243.90 million during the quarter, compared to analyst estimates of $245.02 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Analysts expect that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current year.

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

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A number of research analysts have weighed in on KLIC shares. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, September 6th. B. Riley reissued a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, July 4th. BidaskClub lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $26.50.

Kulicke and Soffa Industries 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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