Kulicke and Soffa Industries Inc. (KLIC) Position Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 61.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,590 shares of the semiconductor company’s stock after acquiring an additional 8,620 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kulicke and Soffa Industries were worth $550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. grew 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Kulicke and Soffa Industries by 19.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 289,391 shares of the semiconductor company’s stock valued at $5,504,000 after buying an additional 47,363 shares in the last quarter. New Jersey Better Educational Savings Trust grew its position in Kulicke and Soffa Industries by 18.5% in the 3rd quarter. New Jersey Better Educational Savings Trust now owns 32,000 shares of the semiconductor company’s stock valued at $690,000 after buying an additional 5,000 shares in the last quarter. ETRADE Capital Management LLC grew its position in Kulicke and Soffa Industries by 71.2% in the 3rd quarter. ETRADE Capital Management LLC now owns 63,404 shares of the semiconductor company’s stock valued at $1,368,000 after buying an additional 26,372 shares in the last quarter. Finally, Northern Trust Corp grew its position in Kulicke and Soffa Industries by 2.6% in the 2nd quarter. Northern Trust Corp now owns 289,123 shares of the semiconductor company’s stock valued at $5,500,000 after buying an additional 7,398 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Shares of Kulicke and Soffa Industries Inc. (NASDAQ KLIC) opened at $22.02 on Tuesday. Kulicke and Soffa Industries Inc. has a 1-year low of $18.22 and a 1-year high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.72 and a quick ratio of 5.08. The firm has a market cap of $1,554.87, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a net margin of 3.10% and a return on equity of 16.70%. The company had revenue of $213.70 million during the quarter, compared to the consensus estimate of $189.48 million. During the same period in the prior year, the company earned $0.22 EPS. Kulicke and Soffa Industries’s revenue was up 42.8% on a year-over-year basis. equities research analysts anticipate that Kulicke and Soffa Industries Inc. will post 2.23 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on KLIC shares. B. Riley reissued a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. DA Davidson upped their price target on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Bank of America upped their price target on shares of Kulicke and Soffa Industries from $15.50 to $18.50 and gave the company an “underperform” rating in a report on Wednesday, November 15th. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, ValuEngine raised shares of 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 issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $28.38.

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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.

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

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