Geode Capital Management LLC Purchases 2,939 Shares of Kulicke and Soffa Industries Inc. (KLIC)

Geode Capital Management LLC grew its position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 495,908 shares of the semiconductor company’s stock after purchasing an additional 2,939 shares during the period. Geode Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $12,067,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of 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 valued at $143,000 after purchasing an additional 2,449 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of 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 valued at $208,000 after purchasing an additional 6,077 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $217,000. Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $195,000 after purchasing an additional 2,731 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at about $255,000. 87.23% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of KLIC opened at $24.47 on Friday. 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 quick ratio of 5.08, a current ratio of 5.72 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1,762.47, a PE ratio of 15.79, a P/E/G ratio of 0.93 and a beta of 1.21.

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, topping the Zacks’ consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The company had revenue of $213.70 million during the quarter, compared to the consensus estimate of $189.48 million. During the same period last year, the company earned $0.22 earnings per share. The firm’s revenue was up 42.8% compared to the same quarter last year. research analysts anticipate that Kulicke and Soffa Industries Inc. will post 2.23 EPS for the current fiscal year.

A number of analysts have recently commented on KLIC shares. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 19th. ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 31st. Finally, B. Riley reissued a “buy” rating and set a $36.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kulicke and Soffa Industries currently has a consensus rating of “Buy” and an average target price of $28.38.

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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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