Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC grew its stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 324,223 shares of the semiconductor company’s stock after acquiring an additional 4,659 shares during the quarter. Peregrine Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $6,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KLIC. Investment Counselors of Maryland LLC acquired a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth $17,478,000. Norges Bank acquired a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $20,577,000. ARGA Investment Management LP increased its stake in shares of Kulicke and Soffa Industries by 49.7% in the 1st quarter. ARGA Investment Management LP now owns 1,986,005 shares of the semiconductor company’s stock worth $41,448,000 after acquiring an additional 659,072 shares during the last quarter. Matarin Capital Management LLC acquired a new stake in shares of Kulicke and Soffa Industries in the 1st quarter worth $7,425,000. Finally, Neumeier Poma Investment Counsel LLC increased its position in shares of Kulicke and Soffa Industries by 43.9% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 1,053,073 shares of the semiconductor company’s stock worth $21,978,000 after purchasing an additional 321,440 shares during the last quarter. 87.21% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on KLIC shares. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. B. Riley raised their price objective on Kulicke and Soffa Industries from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. BidaskClub raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, TheStreet raised Kulicke and Soffa Industries from a “c” rating to a “b-” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Kulicke and Soffa Industries has a consensus rating of “Hold” and an average target price of $29.20.

NASDAQ KLIC opened at $23.70 on Friday. The company has a market cap of $1.48 billion, a P/E ratio of 34.85 and a beta of 1.22. The stock has a 50-day moving average of $22.55 and a two-hundred day moving average of $23.36. Kulicke and Soffa Industries Inc. has a 1-year low of $16.91 and a 1-year high of $28.66.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. The company had revenue of $150.45 million during the quarter, compared to the consensus estimate of $150.00 million. Kulicke and Soffa Industries had a return on equity of 6.75% and a net margin of 7.33%. On average, sell-side analysts anticipate that Kulicke and Soffa Industries Inc. will post 0.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Friday, June 26th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, June 25th. Kulicke and Soffa Industries’s dividend payout ratio is currently 104.35%.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and 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, wedge bonders, advanced packaging, and electronic assembly solutions.

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

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