Dana Investment Advisors Inc. bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 116,223 shares of the semiconductor company’s stock, valued at approximately $2,211,000. Dana Investment Advisors Inc. owned about 0.16% of Kulicke and Soffa Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Kulicke and Soffa Industries by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 37,063 shares of the semiconductor company’s stock valued at $705,000 after purchasing an additional 100 shares during the last quarter. Geneva Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 0.4% in the 2nd quarter. Geneva Advisors LLC now owns 28,457 shares of the semiconductor company’s stock valued at $541,000 after purchasing an additional 112 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Kulicke and Soffa Industries by 0.9% in the 2nd quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 180 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Kulicke and Soffa Industries by 1.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 207 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Kulicke and Soffa Industries by 1.1% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 22,550 shares of the semiconductor company’s stock valued at $458,000 after purchasing an additional 250 shares during the last quarter. 84.87% of the stock is currently owned by institutional investors.

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Shares of Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) traded down 0.32% on Friday, hitting $21.96. 381,282 shares of the stock traded hands. The stock has a market cap of $1.56 billion, a PE ratio of 18.25 and a beta of 1.33. Kulicke and Soffa Industries, Inc. has a 1-year low of $12.64 and a 1-year high of $23.00. The stock has a 50 day moving average of $19.76 and a 200-day moving average of $20.59.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.21. The business had revenue of $243.90 million during the quarter, compared to analyst estimates of $245.02 million. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. Kulicke and Soffa Industries’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current year.

Kulicke and Soffa Industries announced that its board has approved a share repurchase plan on Tuesday, August 15th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Several research analysts have recently issued reports on KLIC shares. BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. B. Riley reaffirmed a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, September 6th. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.50.

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)

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