Ameriprise Financial Inc. lessened its holdings in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,286,987 shares of the semiconductor company’s stock after selling 373,050 shares during the period. Ameriprise Financial Inc. owned about 1.81% of Kulicke and Soffa Industries worth $27,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in KLIC. UBS Group AG increased its stake in shares of Kulicke and Soffa Industries by 95.9% in the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 2,935 shares in the last quarter. Creative Planning increased its stake in Kulicke and Soffa Industries by 9.1% during the 2nd quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock worth $140,000 after buying an additional 617 shares in the last quarter. Advisor Group Inc. increased its stake in Kulicke and Soffa Industries by 11,247.9% during the 2nd quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock worth $153,000 after buying an additional 7,986 shares in the last quarter. Bank of Montreal Can increased its stake in Kulicke and Soffa Industries by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock worth $173,000 after buying an additional 532 shares in the last quarter. Finally, Pitcairn Co. purchased a new stake in Kulicke and Soffa Industries during the 2nd quarter worth approximately $220,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.

Shares of Kulicke and Soffa Industries Inc. (NASDAQ KLIC) opened at $23.99 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15. The stock has a market capitalization of $1,674.72, a P/E ratio of 13.55, a PEG ratio of 1.04 and a beta of 1.38. Kulicke and Soffa Industries Inc. has a 52-week low of $15.80 and a 52-week high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.15. The business had revenue of $215.89 million during the quarter, compared to analyst estimates of $208.20 million. Kulicke and Soffa Industries had a return on equity of 15.13% and a net margin of 16.85%. The business’s revenue was up 48.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. sell-side analysts predict that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its board has initiated 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 purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several research firms have commented on KLIC. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. B. Riley reiterated a “buy” rating and set a $34.00 price objective on shares of Kulicke and Soffa Industries in a research note on Monday, November 27th. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Bank of America boosted their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Kulicke and Soffa Industries has a consensus rating of “Buy” and an average price target of $27.38.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/kulicke-and-soffa-industries-inc-klic-position-decreased-by-ameriprise-financial-inc/1748780.html.

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)

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