Envestnet Asset Management Inc. grew its stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,079 shares of the semiconductor company’s stock after purchasing an additional 2,731 shares during the period. Envestnet Asset Management Inc.’s holdings in Kulicke and Soffa Industries were worth $195,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KLIC. Advisor Group Inc. increased its holdings in shares of Kulicke and Soffa Industries by 11,247.9% in the second quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after purchasing an additional 7,986 shares during the period. Bank of Montreal Can boosted its stake in shares of Kulicke and Soffa Industries by 6.2% in the second quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after buying an additional 532 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of 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 in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at approximately $292,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Kulicke and Soffa Industries in the third quarter valued at approximately $301,000. 85.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kulicke and Soffa Industries Inc. (KLIC) opened at $23.98 on Wednesday. The company has a current ratio of 4.76, a quick ratio of 4.15 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1,690.00, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. Kulicke and Soffa Industries Inc. has a 12-month low of $15.84 and a 12-month high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $215.89 million for the quarter, compared to the consensus estimate of $208.20 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s revenue was up 48.0% on a year-over-year basis. equities analysts predict that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current year.

A number of analysts recently weighed in on KLIC shares. BidaskClub downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. B. Riley restated a “buy” rating and issued a $31.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, November 13th. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, September 6th. DA Davidson lifted their price target on Kulicke and Soffa Industries to $35.00 and gave the company 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $27.38.

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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.

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

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