Bank of New York Mellon Corp increased its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,328 shares of the semiconductor company’s stock after purchasing an additional 6,057 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.98% of Kulicke and Soffa Industries worth $14,976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. increased its position in 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 worth $153,000 after purchasing an additional 7,986 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Kulicke and Soffa Industries by 19.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 289,391 shares of the semiconductor company’s stock worth $5,504,000 after purchasing an additional 47,363 shares in the last quarter. New Jersey Better Educational Savings Trust increased its position in Kulicke and Soffa Industries by 18.5% during the 3rd quarter. New Jersey Better Educational Savings Trust now owns 32,000 shares of the semiconductor company’s stock worth $690,000 after purchasing an additional 5,000 shares in the last quarter. Voya Investment Management LLC purchased a new stake in Kulicke and Soffa Industries during the 2nd quarter worth about $1,362,000. Finally, Aperio Group LLC increased its position in 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 in the last quarter. Hedge funds and other institutional investors own 85.44% of the company’s stock.

Shares of Kulicke and Soffa Industries Inc. (KLIC) opened at $24.65 on Thursday. The company has a quick ratio of 4.15, a current ratio of 4.76 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1,740.00, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. Kulicke and Soffa Industries Inc. has a fifty-two week low of $15.84 and a fifty-two week high of $28.71.

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

A number of analysts recently commented on KLIC shares. Bank of America lifted their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a research report on Wednesday, November 15th. DA Davidson lifted their price objective on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, September 6th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $27.38.

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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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