Schwab Charles Investment Management Inc. Raises Position in Kulicke and Soffa Industries Inc. (KLIC)

Schwab Charles Investment Management Inc. increased its position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 265,728 shares of the semiconductor company’s stock after purchasing an additional 31,327 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Kulicke and Soffa Industries were worth $5,732,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Advisor Group Inc. raised its holdings in Kulicke and Soffa Industries by 11,247.9% during the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock worth $153,000 after purchasing an additional 7,986 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Kulicke and Soffa Industries by 1.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 207 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Kulicke and Soffa Industries during the second quarter worth $292,000. Crossmark Global Holdings Inc. acquired a new position in Kulicke and Soffa Industries during the third quarter worth $301,000. Finally, SG Americas Securities LLC raised its holdings in Kulicke and Soffa Industries by 100.8% during the second quarter. SG Americas Securities LLC now owns 16,911 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 8,489 shares during the last quarter. 85.44% of the stock is owned by hedge funds and other institutional investors.

KLIC has been the subject of several research reports. BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. B. Riley reissued a “buy” rating and issued a $34.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, November 27th. DA Davidson boosted their price target on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $27.38.

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) opened at $25.69 on Tuesday. Kulicke and Soffa Industries Inc. has a 1-year low of $16.17 and a 1-year high of $28.71. The firm has a market capitalization of $1,810.00, a price-to-earnings ratio of 16.57, a PEG ratio of 1.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $215.89 million during the quarter, compared to analysts’ expectations of $208.20 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. equities research analysts anticipate that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current year.

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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.

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

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