EP Wealth Advisors LLC Purchases New Holdings in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

EP Wealth Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the semiconductor company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Kulicke and Soffa Industries by 71.4% during the fourth quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock worth $143,000 after buying an additional 2,449 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Kulicke and Soffa Industries by 247.1% during the fourth quarter. LS Investment Advisors LLC now owns 8,536 shares of the semiconductor company’s stock worth $208,000 after buying an additional 6,077 shares in the last quarter. Advisors Preferred LLC acquired a new stake in Kulicke and Soffa Industries during the fourth quarter worth $217,000. Envestnet Asset Management Inc. boosted its stake in Kulicke and Soffa Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after buying an additional 2,731 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new stake in Kulicke and Soffa Industries during the fourth quarter worth $255,000. Hedge funds and other institutional investors own 87.23% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of research firms have weighed in on KLIC. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 17th. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, B. Riley reissued a “buy” rating and set a $36.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $28.38.

Shares of NASDAQ KLIC traded down $0.19 during midday trading on Friday, reaching $24.47. 686,793 shares of the company traded hands, compared to its average volume of 577,901. The stock has a market cap of $1,741.29, a PE ratio of 15.79, a PEG ratio of 0.92 and a beta of 1.21. Kulicke and Soffa Industries Inc. has a 12 month low of $18.22 and a 12 month high of $28.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.08 and a current ratio of 5.72.

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

TRADEMARK VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/07/ep-wealth-advisors-llc-purchases-shares-of-10000-kulicke-and-soffa-industries-inc-klic.html.

About Kulicke and Soffa Industries

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)

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply