Piedmont Investment Advisors LLC bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,348 shares of the semiconductor company’s stock, valued at approximately $292,000.

Several other large investors also recently bought and sold shares of the business. Arizona State Retirement System lifted its position in shares of Kulicke and Soffa Industries by 0.3% during the second quarter. Arizona State Retirement System now owns 37,063 shares of the semiconductor company’s stock worth $705,000 after acquiring an additional 100 shares in the last quarter. Geneva Advisors LLC lifted its position in shares of Kulicke and Soffa Industries by 0.4% during the second quarter. Geneva Advisors LLC now owns 28,457 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 112 shares in the last quarter. Aperio Group LLC lifted 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. BNP Paribas Arbitrage SA lifted its position in shares of Kulicke and Soffa Industries by 1.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 207 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Kulicke and Soffa Industries by 1.1% during the first quarter. Municipal Employees Retirement System of Michigan now owns 22,550 shares of the semiconductor company’s stock worth $458,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

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Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at 22.05 on Monday. The stock has a market cap of $1.57 billion, a P/E ratio of 18.33 and a beta of 1.33. The company has a 50 day moving average price of $20.69 and a 200-day moving average price of $20.72. Kulicke and Soffa Industries, Inc. has a 12 month low of $13.05 and a 12 month high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.21. The company 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%. Kulicke and Soffa Industries’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. On average, equities research analysts predict that Kulicke and Soffa Industries, Inc. will post $1.40 earnings per share for the current year.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a stock 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 buy up to 7.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

KLIC has been the topic of several recent research reports. B. Riley restated a “buy” rating and set a $31.00 target price on shares of Kulicke and Soffa Industries in a research report on Wednesday, August 2nd. BidaskClub downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company 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.

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

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