BlackRock Inc. boosted its stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,699,317 shares of the semiconductor company’s stock after purchasing an additional 39,480 shares during the period. BlackRock Inc. owned about 8.07% of Kulicke and Soffa Industries worth $138,691,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KLIC. ETRADE Capital Management LLC increased its stake in shares of Kulicke and Soffa Industries by 71.2% during the third 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 during the period. Crossmark Global Holdings Inc. increased its stake in shares of Kulicke and Soffa Industries by 61.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 22,590 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 8,620 shares during the period. Whale Rock Capital Management LLC purchased a new position in shares of Kulicke and Soffa Industries during the third quarter valued at approximately $61,608,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Kulicke and Soffa Industries by 189.6% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 89,964 shares of the semiconductor company’s stock valued at $1,941,000 after buying an additional 58,894 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Kulicke and Soffa Industries by 13.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 265,728 shares of the semiconductor company’s stock valued at $5,732,000 after buying an additional 31,327 shares during the period. 87.23% of the stock is currently owned by institutional investors and hedge funds.

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Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) opened at $26.36 on Friday. 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 12 month low of $18.22 and a 12 month high of $28.71. The stock has a market capitalization of $1,823.20, a P/E ratio of 73.22, a PEG ratio of 0.97 and a beta of 1.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $189.48 million. During the same period in the previous year, the company posted $0.22 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. sell-side analysts anticipate that Kulicke and Soffa Industries Inc. will post 2.23 EPS for the current fiscal year.

Several research firms have recently issued reports on KLIC. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, January 31st. Finally, B. Riley reissued a “buy” rating and set a $34.00 target price on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Kulicke and Soffa Industries 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.

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

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