Paloma Partners Management Co Acquires New Holdings in Kulicke and Soffa Industries Inc. (KLIC)

Paloma Partners Management Co bought a new position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 63,573 shares of the semiconductor company’s stock, valued at approximately $1,549,000. Paloma Partners Management Co owned approximately 0.09% of Kulicke and Soffa Industries as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KLIC. Wells Fargo & Company MN raised its position in Kulicke and Soffa Industries by 71.4% during the 4th 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 during the last quarter. Envestnet Asset Management Inc. lifted its position in Kulicke and Soffa Industries by 43.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after acquiring an additional 2,731 shares in the last quarter. Geode Capital Management LLC lifted its position in Kulicke and Soffa Industries by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 495,908 shares of the semiconductor company’s stock valued at $12,067,000 after acquiring an additional 2,939 shares in the last quarter. Cipher Capital LP lifted its position in Kulicke and Soffa Industries by 7.9% in the 3rd quarter. Cipher Capital LP now owns 54,401 shares of the semiconductor company’s stock valued at $1,173,000 after acquiring an additional 3,995 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Kulicke and Soffa Industries by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 125,597 shares of the semiconductor company’s stock valued at $2,709,000 after acquiring an additional 4,096 shares in the last quarter. 87.23% of the stock is owned by hedge funds and other institutional investors.

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Shares of Kulicke and Soffa Industries stock traded down $0.19 on Friday, hitting $24.47. 686,793 shares of the company traded hands, compared to its average volume of 577,901. 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 Inc. has a 52 week low of $18.22 and a 52 week high of $28.71. The company has a market capitalization of $1,741.29, a PE ratio of 15.79, a P/E/G ratio of 0.92 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, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $189.48 million. During the same period last year, the company posted $0.22 earnings per share. Kulicke and Soffa Industries’s revenue was up 42.8% compared to the same quarter last year. analysts forecast that Kulicke and Soffa Industries Inc. will post 2.23 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 17th. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, B. Riley restated a “buy” rating and set a $36.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price 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.

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

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