6,918 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Acquired by AlphaMark Advisors LLC

AlphaMark Advisors LLC purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,918 shares of the semiconductor company’s stock, valued at approximately $340,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KLIC. Victory Capital Management Inc. lifted its position in Kulicke and Soffa Industries by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after acquiring an additional 91,934 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Kulicke and Soffa Industries by 4.7% during the first quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock worth $142,943,000 after buying an additional 128,026 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kulicke and Soffa Industries by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 657,783 shares of the semiconductor company’s stock worth $35,994,000 after buying an additional 21,687 shares in the last quarter. TimesSquare Capital Management LLC raised its position in Kulicke and Soffa Industries by 8.1% in the 1st quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock valued at $32,619,000 after buying an additional 48,590 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Kulicke and Soffa Industries by 27.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 620,124 shares of the semiconductor company’s stock valued at $33,933,000 after buying an additional 132,553 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KLIC shares. Craig Hallum decreased their price target on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. B. Riley decreased their target price on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd. Finally, TD Cowen reduced their price objective on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Hold” and an average price target of $47.33.

Kulicke and Soffa Industries Stock Up 4.9 %

Shares of NASDAQ:KLIC traded up $2.02 during midday trading on Thursday, hitting $43.03. The stock had a trading volume of 519,212 shares, compared to its average volume of 492,767. The company has a market cap of $2.39 billion, a P/E ratio of -36.16 and a beta of 1.40. Kulicke and Soffa Industries, Inc. has a 12 month low of $38.53 and a 12 month high of $56.71. The business’s 50-day simple moving average is $46.59 and its 200-day simple moving average is $47.55.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. As a group, equities analysts predict that Kulicke and Soffa Industries, Inc. will post -0.31 earnings per share for the current year.

About Kulicke and Soffa Industries

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.