BNP Paribas Arbitrage SA Buys 16,863 Shares of Kulicke and Soffa Industries, Inc. (KLIC)

BNP Paribas Arbitrage SA increased its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 112.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,871 shares of the semiconductor company’s stock after buying an additional 16,863 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Kulicke and Soffa Industries were worth $687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Kulicke and Soffa Industries by 526.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,230,688 shares of the semiconductor company’s stock valued at $23,409,000 after buying an additional 1,034,116 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Kulicke and Soffa Industries in the 2nd quarter worth about $19,020,000. Royce & Associates LP increased its holdings in shares of Kulicke and Soffa Industries by 40.3% during the 2nd quarter. Royce & Associates LP now owns 2,507,921 shares of the semiconductor company’s stock valued at $47,701,000 after acquiring an additional 721,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Kulicke and Soffa Industries by 54.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 687,228 shares of the semiconductor company’s stock valued at $13,072,000 after acquiring an additional 242,218 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Kulicke and Soffa Industries by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock valued at $38,679,000 after acquiring an additional 209,884 shares during the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock.

A number of research analysts have recently commented on the company. Bank of America increased their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a report on Wednesday, November 15th. DA Davidson increased their target price on Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. B. Riley restated a “buy” rating and set a $34.00 target price on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. BidaskClub downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Kulicke and Soffa Industries currently has a consensus rating of “Buy” and a consensus target price of $27.38.

Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at $24.00 on Wednesday. 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 $1,674.72, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 52-week low of $15.80 and a 52-week high of $28.71.

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

Kulicke and Soffa Industries announced that its board has authorized a share buyback plan on Tuesday, August 15th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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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