Rhumbline Advisers Has $7.63 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Rhumbline Advisers boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,491 shares of the semiconductor company's stock after buying an additional 12,355 shares during the period. Rhumbline Advisers owned approximately 0.30% of Kulicke and Soffa Industries worth $7,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of KLIC. Advisors Asset Management Inc. increased its position in Kulicke and Soffa Industries by 137.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 414 shares during the last quarter. Signaturefd LLC increased its position in Kulicke and Soffa Industries by 226.3% in the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 543 shares during the last quarter. GAMMA Investing LLC increased its position in Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 387 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Kulicke and Soffa Industries in the 3rd quarter worth about $53,000. Finally, KBC Group NV increased its holdings in shares of Kulicke and Soffa Industries by 93.2% during the 4th quarter. KBC Group NV now owns 2,898 shares of the semiconductor company's stock valued at $135,000 after acquiring an additional 1,398 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Kulicke and Soffa Industries Trading Up 1.1 %

NASDAQ:KLIC traded up $0.42 during mid-day trading on Friday, hitting $38.27. 611,906 shares of the company's stock traded hands, compared to its average volume of 489,931. The firm has a 50 day moving average of $44.42 and a two-hundred day moving average of $44.81. Kulicke and Soffa Industries, Inc. has a 12 month low of $37.37 and a 12 month high of $53.71. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 318.92 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. As a group, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has approved a share buyback program on Wednesday, November 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to buy up to 11.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, CEO Fusen Ernie Chen sold 80,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $48.29, for a total value of $3,863,200.00. Following the completion of the sale, the chief executive officer now owns 1,100,765 shares in the company, valued at approximately $53,155,941.85. This trade represents a 6.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Chin Hu Lim sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $48.11, for a total value of $1,443,300.00. Following the completion of the sale, the director now owns 59,701 shares of the company's stock, valued at $2,872,215.11. This represents a 33.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,391 shares of company stock worth $5,870,582 in the last 90 days. 3.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KLIC. DA Davidson lowered their price objective on Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Needham & Company LLC reissued a "buy" rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. TD Cowen increased their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a report on Friday, November 15th. Finally, StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.