SG Americas Securities LLC increased its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 157.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,897 shares of the semiconductor company’s stock after buying an additional 15,853 shares during the quarter. SG Americas Securities LLC’s holdings in Kulicke and Soffa Industries were worth $617,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KLIC. Systematic Financial Management LP increased its holdings in Kulicke and Soffa Industries by 3.1% during the 1st quarter. Systematic Financial Management LP now owns 74,135 shares of the semiconductor company’s stock valued at $1,854,000 after purchasing an additional 2,205 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in Kulicke and Soffa Industries by 23.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,074 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 2,300 shares in the last quarter. Swiss National Bank increased its holdings in Kulicke and Soffa Industries by 2.1% during the 1st quarter. Swiss National Bank now owns 123,700 shares of the semiconductor company’s stock valued at $3,094,000 after purchasing an additional 2,600 shares in the last quarter. Pitcairn Co. increased its holdings in Kulicke and Soffa Industries by 32.6% during the 1st quarter. Pitcairn Co. now owns 14,455 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Kulicke and Soffa Industries by 1.5% during the 1st quarter. Northern Trust Corp now owns 292,935 shares of the semiconductor company’s stock valued at $7,326,000 after purchasing an additional 4,197 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

A number of research firms recently weighed in on KLIC. ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. B. Riley raised their price target on Kulicke and Soffa Industries from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, BidaskClub cut Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Kulicke and Soffa Industries currently has an average rating of “Hold” and an average target price of $29.70.

In other news, Director Peter T. M. Kong bought 5,000 shares of the stock in a transaction dated Tuesday, August 7th. The stock was bought at an average cost of $26.89 per share, with a total value of $134,450.00. Following the purchase, the director now owns 45,090 shares of the company’s stock, valued at $1,212,470.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian R. Bachman sold 2,200 shares of Kulicke and Soffa Industries stock in a transaction on Friday, July 13th. The shares were sold at an average price of $28.00, for a total value of $61,600.00. Following the completion of the sale, the director now directly owns 17,928 shares of the company’s stock, valued at $501,984. The disclosure for this sale can be found here. Insiders sold a total of 22,900 shares of company stock valued at $639,000 over the last three months. Insiders own 1.40% of the company’s stock.

KLIC stock opened at $24.66 on Friday. Kulicke and Soffa Industries Inc. has a fifty-two week low of $18.86 and a fifty-two week high of $28.71. The firm has a market cap of $1.65 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 0.90 and a beta of 1.17. The company has a quick ratio of 4.42, a current ratio of 5.02 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 1st. The semiconductor company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.23. Kulicke and Soffa Industries had a return on equity of 19.51% and a net margin of 6.93%. The firm had revenue of $268.83 million during the quarter, compared to analysts’ expectations of $260.42 million. During the same period last year, the firm posted $0.62 EPS. The business’s revenue was up 10.2% on a year-over-year basis. equities research analysts expect that Kulicke and Soffa Industries Inc. will post 2.27 EPS for the current fiscal year.

Kulicke and Soffa Industries announced that its board has approved a stock buyback plan on Tuesday, July 10th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 5.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wafer level bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

Featured Article: What does RSI mean?

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

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