Cubist Systematic Strategies LLC decreased its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 31.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,601 shares of the semiconductor company’s stock after selling 11,196 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Kulicke and Soffa Industries were worth $531,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Whale Rock Capital Management LLC bought a new stake in shares of Kulicke and Soffa Industries in the third quarter worth $61,608,000. Vident Investment Advisory LLC bought a new stake in shares of Kulicke and Soffa Industries in the third quarter worth $3,437,000. Royce & Associates LP grew its holdings in shares of Kulicke and Soffa Industries by 17.5% in the third quarter. Royce & Associates LP now owns 2,946,089 shares of the semiconductor company’s stock worth $63,547,000 after acquiring an additional 438,168 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Kulicke and Soffa Industries by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock worth $195,000 after acquiring an additional 2,731 shares during the period. Finally, KBC Group NV grew its holdings in shares of Kulicke and Soffa Industries by 82.1% in the third quarter. KBC Group NV now owns 124,255 shares of the semiconductor company’s stock worth $2,680,000 after acquiring an additional 56,024 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

Shares of Kulicke and Soffa Industries Inc. (KLIC) opened at $24.04 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.76 and a quick ratio of 4.15. The company has a market capitalization of $1,690.00, a PE ratio of 15.51, a P/E/G ratio of 1.20 and a beta of 1.38. Kulicke and Soffa Industries Inc. has a 52-week low of $15.84 and a 52-week high of $28.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, November 14th. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.15. The company had revenue of $215.89 million for the quarter, compared to the consensus estimate of $208.20 million. Kulicke and Soffa Industries had a return on equity of 14.54% and a net margin of 13.85%. The firm’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. analysts anticipate that Kulicke and Soffa Industries Inc. will post 1.69 EPS for the current fiscal year.

Several analysts recently commented on KLIC shares. Bank of America lifted their price objective on Kulicke and Soffa Industries from $15.50 to $18.50 and gave the stock an “underperform” rating in a report on Wednesday, November 15th. DA Davidson boosted their price target on Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. B. Riley reissued a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a report 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 objective on the stock in a research report on Wednesday, September 6th. Finally, BidaskClub downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $27.38.

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Kulicke and Soffa Industries Company 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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