Shell Asset Management Co. Purchases 8,575 Shares of Kulicke and Soffa Industries, Inc. (KLIC)

Shell Asset Management Co. boosted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,435 shares of the semiconductor company’s stock after buying an additional 8,575 shares during the quarter. Shell Asset Management Co. owned approximately 0.09% of Kulicke and Soffa Industries worth $960,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG raised its position in Kulicke and Soffa Industries by 95.9% in 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 during the last quarter. Creative Planning raised its position in Kulicke and Soffa Industries by 9.1% in 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 during the last quarter. Advisor Group Inc. raised its position in Kulicke and Soffa Industries by 11,247.9% in 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 during the last quarter. Bank of Montreal Can raised its position in Kulicke and Soffa Industries by 6.2% in 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 during the last quarter. Finally, Pitcairn Co. bought a new position in Kulicke and Soffa Industries in the second quarter valued at approximately $220,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/11/01/shell-asset-management-co-purchases-8575-shares-of-kulicke-and-soffa-industries-inc-klic.html.

KLIC has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, July 4th. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.50.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at 22.65 on Wednesday. The firm has a 50-day moving average price of $21.28 and a 200-day moving average price of $20.85. The company has a market capitalization of $1.61 billion, a P/E ratio of 18.83 and a beta of 1.33. Kulicke and Soffa Industries, Inc. has a 1-year low of $13.08 and a 1-year high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.41 by $0.21. The firm had revenue of $243.90 million during the quarter, compared to the consensus estimate of $245.02 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 15th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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)

What are top analysts saying about Kulicke and Soffa Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kulicke and Soffa Industries Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit