TimesSquare Capital Management LLC Boosts Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

TimesSquare Capital Management LLC lifted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 530,827 shares of the semiconductor company's stock after buying an additional 74,920 shares during the period. TimesSquare Capital Management LLC owned approximately 0.99% of Kulicke and Soffa Industries worth $24,768,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KLIC. Advisors Asset Management Inc. boosted its position in Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 414 shares in the last quarter. Signaturefd LLC raised its holdings 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 acquiring an additional 543 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 387 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Kulicke and Soffa Industries in the 3rd quarter worth approximately $53,000. Finally, CWM LLC raised its holdings in Kulicke and Soffa Industries by 101.8% in the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. DA Davidson decreased their target price on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, November 15th. TD Cowen upped their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, November 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and an average target price of $52.00.

Insider Transactions at Kulicke and Soffa Industries

In other news, Director Chin Hu Lim sold 30,000 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $48.11, for a total transaction of $1,443,300.00. Following the transaction, the director now directly owns 59,701 shares in the company, valued at approximately $2,872,215.11. This trade represents a 33.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Nestor Chylak sold 11,391 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $49.52, for a total transaction of $564,082.32. Following the transaction, the senior vice president now owns 20,838 shares in the company, valued at approximately $1,031,897.76. This represents a 35.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,391 shares of company stock valued at $5,870,582. 3.40% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC traded down $1.20 during mid-day trading on Friday, hitting $41.86. 307,879 shares of the company's stock traded hands, compared to its average volume of 515,724. The company's 50-day moving average is $45.49 and its two-hundred day moving average is $44.85. The company has a market capitalization of $2.23 billion, a P/E ratio of 348.28 and a beta of 1.36. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback plan on Wednesday, November 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.