Schwab Charles Investment Management Inc. grew its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 234,401 shares of the semiconductor company’s stock after purchasing an additional 6,124 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.33% of Kulicke and Soffa Industries worth $4,459,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UBS Group AG lifted its stake in shares of Kulicke and Soffa Industries by 95.9% in the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 2,935 shares during the period. Creative Planning lifted its stake in shares of Kulicke and Soffa Industries by 9.1% in the 2nd quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 617 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Kulicke and Soffa Industries by 10.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock valued at $172,000 after purchasing an additional 802 shares during the period. Bank of Montreal Can lifted its stake in shares of Kulicke and Soffa Industries by 6.2% in the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after purchasing an additional 532 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at $236,000. 84.87% of the stock is currently owned by institutional investors.

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A number of research analysts have recently weighed in on KLIC shares. B. Riley reissued a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, July 4th. BidaskClub downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. 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. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of “Buy” and a consensus target price of $26.50.

Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at 22.03 on Monday. The company has a market cap of $1.57 billion, a PE ratio of 18.31 and a beta of 1.33. Kulicke and Soffa Industries, Inc. has a 52-week low of $12.79 and a 52-week high of $23.00. The company has a 50 day moving average of $20.27 and a 200-day moving average of $20.65.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the 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 for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. 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 has initiated a stock repurchase plan on Tuesday, August 15th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.

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

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