Advisor Group Inc. Has $46,000 Position in Kulicke and Soffa Industries Inc. (KLIC)

Advisor Group Inc. boosted its position in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 340.9% during the 4th quarter, HoldingsChannel reports. The fund owned 2,231 shares of the semiconductor company’s stock after acquiring an additional 1,725 shares during the quarter. Advisor Group Inc.’s holdings in Kulicke and Soffa Industries were worth $46,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Kulicke and Soffa Industries by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 933,355 shares of the semiconductor company’s stock valued at $22,251,000 after purchasing an additional 7,206 shares during the period. BlackRock Inc. increased its holdings in Kulicke and Soffa Industries by 1.9% in the third quarter. BlackRock Inc. now owns 6,571,120 shares of the semiconductor company’s stock valued at $156,655,000 after purchasing an additional 120,683 shares during the period. Credit Suisse AG increased its holdings in Kulicke and Soffa Industries by 11.8% in the third quarter. Credit Suisse AG now owns 80,043 shares of the semiconductor company’s stock valued at $1,908,000 after purchasing an additional 8,456 shares during the period. Allianz Asset Management GmbH acquired a new stake in Kulicke and Soffa Industries in the third quarter valued at $446,000. Finally, Paloma Partners Management Co increased its holdings in Kulicke and Soffa Industries by 85.6% in the third quarter. Paloma Partners Management Co now owns 16,427 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 7,578 shares during the period. 89.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kulicke and Soffa Industries stock opened at $24.68 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.58 and a quick ratio of 5.81. Kulicke and Soffa Industries Inc. has a 1-year low of $17.40 and a 1-year high of $28.69. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Thursday, January 31st. The semiconductor company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. Kulicke and Soffa Industries had a return on equity of 16.99% and a net margin of 16.06%. The firm had revenue of $157.21 million during the quarter, compared to the consensus estimate of $155.00 million. During the same period last year, the business posted $0.54 EPS. On average, sell-side analysts forecast that Kulicke and Soffa Industries Inc. will post 0.84 earnings per share for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a share buyback program on Thursday, January 31st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

KLIC has been the subject of a number of recent research reports. BidaskClub upgraded Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Friday, April 5th. Cowen reiterated a “hold” rating and set a $22.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. Finally, ValuEngine downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.40.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries Inc. (NASDAQ:KLIC).

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

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