KBC Group NV boosted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 31.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,231 shares of the semiconductor company’s stock after buying an additional 16,251 shares during the period. KBC Group NV owned about 0.10% of Kulicke and Soffa Industries worth $1,298,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Kulicke and Soffa Industries by 1.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,008 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 207 shares during the period. Legal & General Group Plc increased its stake in Kulicke and Soffa Industries by 10.4% in the second quarter. Legal & General Group Plc now owns 121,501 shares of the semiconductor company’s stock valued at $2,311,000 after buying an additional 11,409 shares during the period. SG Americas Securities LLC increased its stake in Kulicke and Soffa Industries by 100.8% in the second quarter. SG Americas Securities LLC now owns 16,911 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 8,489 shares during the period. Pitcairn Co. purchased a new stake in Kulicke and Soffa Industries during the second quarter valued at about $220,000. Finally, ClariVest Asset Management LLC increased its stake in Kulicke and Soffa Industries by 17.1% in the second quarter. ClariVest Asset Management LLC now owns 544,043 shares of the semiconductor company’s stock valued at $10,346,000 after buying an additional 79,342 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at 19.03 on Friday. The firm has a market capitalization of $1.35 billion, a PE ratio of 15.82 and a beta of 1.25. Kulicke and Soffa Industries, Inc. has a one year low of $11.29 and a one year high of $23.00. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $20.65.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.21. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The firm had revenue of $243.90 million during the quarter, compared to analyst estimates of $245.02 million. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post $1.40 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its board has approved a share buyback program on Tuesday, August 15th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several analysts recently issued reports on the company. BidaskClub downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. B. Riley reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Tuesday, August 8th. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Kulicke and Soffa Industries currently has a consensus rating of “Hold” and an average target price of $28.50.

About Kulicke and Soffa Industries

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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