19 hours Ago By Defense World Staff
Empowered Funds LLC bought a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,406 shares of the semiconductor company’s stock, valued at approximately $346,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in Kulicke and Soffa Industries by 137.
5% during the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares during the last quarter.
Signaturefd LLC increased its holdings in shares of Kulicke and Soffa Industries by 226.3% during the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 543 shares in the last quarter.
GAMMA Investing LLC raised its position in shares of Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 387 shares during the last quarter.
Public Employees Retirement System of Ohio bought a new position in Kulicke and Soffa Industries in the 3rd quarter worth about $53,000. Finally, CWM LLC increased its stake in Kulicke and Soffa Industries by 101.8% during the 3rd quarter.
CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 970 shares in the last quarter. 98.22% of the stock is owned by institutional investors.
Insider Buying and SellingIn other news, CEO Fusen Ernie Chen sold 80,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $48.29, for a total value of $3,863,200.
00. Following the completion of the sale, the chief executive officer now directly owns 1,100,765 shares in the company, valued at $53,155,941.85.
This represents a 6.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Also, SVP Robert Nestor Chylak sold 11,391 shares of Kulicke and Soffa Industries stock in a transaction on Monday, December 9th. The shares were sold at an average price of $49.52, for a total value of $564,082.
32. Following the transaction, the senior vice president now owns 20,838 shares in the company, valued at $1,031,897.76.
This trade represents a 35.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last quarter, insiders have sold 121,391 shares of company stock valued at $5,870,582. 3.40% of the stock is owned by insiders.
Kulicke and Soffa Industries Trading Down 0.9 %Shares of KLIC opened at $43.06 on Friday.
The firm has a market cap of $2.30 billion, a PE ratio of 358.83 and a beta of 1.
36. Kulicke and Soffa Industries, Inc. has a 1-year low of $38.
20 and a 1-year high of $53.71. The firm has a fifty day simple moving average of $45.
62 and a two-hundred day simple moving average of $44.87. Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last posted its earnings results on Tuesday, February 4th.
The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.
01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.
26%. As a group, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.
93 EPS for the current fiscal year. Kulicke and Soffa Industries declared that its board has approved a stock repurchase program on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in outstanding shares.
This repurchase authorization authorizes the semiconductor company to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh InSeveral research analysts have recently issued reports on KLIC shares. TD Cowen upped their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.
00 and gave the stock a “hold” rating in a research note on Friday, November 15th. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th.
Needham & Company LLC reissued a “buy” rating and issued a $53.00 target price on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, DA Davidson lowered their price target on Kulicke and Soffa Industries from $65.
00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.
View Our Latest Stock Analysis on Kulicke and Soffa IndustriesKulicke and Soffa Industries Profile (Free Report)Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.
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