Cipher Capital LP lifted its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,401 shares of the semiconductor company’s stock after buying an additional 3,995 shares during the period. Cipher Capital LP owned about 0.08% of Kulicke and Soffa Industries worth $1,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Group AG raised its holdings in shares of Kulicke and Soffa Industries by 95.9% during the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 2,935 shares in the last quarter. Creative Planning raised its holdings in shares of Kulicke and Soffa Industries by 9.1% during the 2nd quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 617 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Kulicke and Soffa Industries by 11,247.9% during the 2nd quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 7,986 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Kulicke and Soffa Industries by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after buying an additional 532 shares in the last quarter. Finally, Pitcairn Co. purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $220,000. 81.19% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at $27.56 on Friday. The company has a current ratio of 4.76, a quick ratio of 4.15 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries, Inc. has a 1 year low of $15.07 and a 1 year high of $28.71. The stock has a market capitalization of $1,945.84, a P/E ratio of 15.75, a P/E/G ratio of 1.21 and a beta of 1.34.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 14.54% and a net margin of 13.85%. The business had revenue of $215.89 million for the quarter, compared to analyst estimates of $208.20 million. During the same period last year, the company earned $0.15 EPS. Kulicke and Soffa Industries’s revenue for the quarter was up 48.0% compared to the same quarter last year. analysts predict that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current year.

Kulicke and Soffa Industries declared that its board has initiated a stock repurchase 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 purchase up to 7.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

KLIC has been the topic of a number of research reports. BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. B. Riley restated a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, August 8th. Zacks Investment Research upgraded 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 report on Wednesday, September 6th. DA Davidson raised their price target on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.63.

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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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