Systematic Financial Management LP cut its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 60.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,205 shares of the semiconductor company’s stock after selling 157,075 shares during the quarter. Systematic Financial Management LP owned about 0.15% of Kulicke and Soffa Industries worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Kulicke and Soffa Industries by 0.3% during the second quarter. Arizona State Retirement System now owns 37,063 shares of the semiconductor company’s stock worth $705,000 after acquiring an additional 100 shares during the last quarter. Geneva Advisors LLC increased its stake in Kulicke and Soffa Industries by 0.4% during the second quarter. Geneva Advisors LLC now owns 28,457 shares of the semiconductor company’s stock worth $541,000 after acquiring an additional 112 shares during the last quarter. Aperio Group LLC increased its stake in Kulicke and Soffa Industries by 0.9% during the second quarter. Aperio Group LLC now owns 20,973 shares of the semiconductor company’s stock worth $399,000 after acquiring an additional 180 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Kulicke and Soffa Industries by 1.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 207 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in Kulicke and Soffa Industries by 0.9% during the second quarter. Texas Permanent School Fund now owns 51,827 shares of the semiconductor company’s stock worth $986,000 after acquiring an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 81.19% of the company’s stock.

Shares of Kulicke and Soffa Industries, Inc. (KLIC) opened at $27.87 on Friday. The company has a market capitalization of $1,990.00, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.15 and a current ratio of 4.76. Kulicke and Soffa Industries, Inc. has a 12 month low of $15.07 and a 12 month high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.15. Kulicke and Soffa Industries had a return on equity of 14.54% and a net margin of 13.85%. The company had revenue of $215.89 million during the quarter, compared to analyst estimates of $208.20 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue was up 48.0% on a year-over-year basis. sell-side analysts anticipate 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 buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

KLIC has been the subject of several research analyst reports. BidaskClub lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. B. Riley restated a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, September 6th. DA Davidson upped their price target on Kulicke and Soffa Industries to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.63.

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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.

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

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