Bank of America Corp DE Has $4.89 Million Position in Kulicke and Soffa Industries, Inc. (KLIC)

Bank of America Corp DE increased its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 17.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 240,630 shares of the semiconductor company’s stock after buying an additional 36,155 shares during the period. Bank of America Corp DE owned approximately 0.34% of Kulicke and Soffa Industries worth $4,889,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in shares of Kulicke and Soffa Industries by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 7,830 shares of the semiconductor company’s stock worth $159,000 after buying an additional 210 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Kulicke and Soffa Industries by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 22,550 shares of the semiconductor company’s stock worth $458,000 after buying an additional 250 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Kulicke and Soffa Industries by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the semiconductor company’s stock worth $587,000 after buying an additional 400 shares during the period. Arizona State Retirement System boosted its stake in shares of Kulicke and Soffa Industries by 1.4% in the first quarter. Arizona State Retirement System now owns 36,963 shares of the semiconductor company’s stock worth $751,000 after buying an additional 500 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Kulicke and Soffa Industries by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 153,087 shares of the semiconductor company’s stock worth $3,111,000 after buying an additional 557 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) traded up 1.27% on Friday, hitting $19.16. The company had a trading volume of 375,000 shares. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 15.93 and a beta of 1.25. The company has a 50 day moving average of $20.68 and a 200-day moving average of $20.65. Kulicke and Soffa Industries, Inc. has a 12-month low of $11.29 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.21. The company had revenue of $243.90 million during the quarter, compared to analyst estimates of $245.02 million. Kulicke and Soffa Industries had a net margin of 11.61% and a return on equity of 11.88%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. On average, analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.38 earnings per share for the current year.

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A number of equities research analysts have commented on the company. B. Riley reiterated a “buy” rating and set a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Tuesday. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $28.50.

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.

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

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