Citigroup Inc. boosted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,495 shares of the semiconductor company’s stock after buying an additional 1,172 shares during the period. Citigroup Inc. owned approximately 0.09% of Kulicke and Soffa Industries worth $1,284,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Bank of Montreal Can lifted its stake in Kulicke and Soffa Industries by 153.5% in the first quarter. Bank of Montreal Can now owns 8,611 shares of the semiconductor company’s stock valued at $175,000 after buying an additional 5,214 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Kulicke and Soffa Industries by 27.2% in the first quarter. Public Employees Retirement System of Ohio now owns 135,313 shares of the semiconductor company’s stock valued at $2,750,000 after buying an additional 28,972 shares during the period. Aperio Group LLC increased its position in shares of Kulicke and Soffa Industries by 0.9% during the second quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 180 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Kulicke and Soffa Industries by 18.8% during the first quarter. Wellington Management Group LLP now owns 189,252 shares of the semiconductor company’s stock worth $3,845,000 after acquiring an additional 29,891 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Kulicke and Soffa Industries by 0.9% during the second quarter. Texas Permanent School Fund now owns 51,827 shares of the semiconductor company’s stock worth $986,000 after acquiring an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

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Kulicke and Soffa Industries, Inc. (KLIC) opened at 22.00 on Wednesday. The company’s 50 day moving average price is $19.50 and its 200-day moving average price is $20.56. Kulicke and Soffa Industries, Inc. has a 12-month low of $12.64 and a 12-month high of $23.00. The company has a market capitalization of $1.56 billion, a P/E ratio of 18.29 and a beta of 1.33.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.21. The business had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. Kulicke and Soffa Industries’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.40 earnings per share for the current fiscal year.

Kulicke and Soffa Industries declared that its board has initiated a share buyback program on Tuesday, August 15th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

KLIC has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Tuesday, July 4th. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $26.50.

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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