HighPoint Advisor Group LLC Buys New Position in Kulicke and Soffa Industries Inc. (KLIC)

HighPoint Advisor Group LLC bought a new stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,338 shares of the semiconductor company’s stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its stake in shares of Kulicke and Soffa Industries by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock worth $575,000 after purchasing an additional 470 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Kulicke and Soffa Industries by 5.0% in the 4th quarter. EP Wealth Advisors LLC now owns 10,500 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 500 shares during the period. Proficio Capital Partners LLC raised its stake in Kulicke and Soffa Industries by 56.4% in the 4th quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 531 shares during the period. Advisory Services Network LLC raised its stake in Kulicke and Soffa Industries by 103.1% in the 4th quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 631 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Kulicke and Soffa Industries by 3.1% in the 4th quarter. State of Alaska Department of Revenue now owns 22,461 shares of the semiconductor company’s stock valued at $455,000 after acquiring an additional 668 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

KLIC opened at $19.51 on Tuesday. Kulicke and Soffa Industries Inc. has a 1-year low of $17.40 and a 1-year high of $28.69. The company has a current ratio of 7.19, a quick ratio of 6.35 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.25 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 2.54 and a beta of 1.16.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. The business had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.42 million. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was down 47.7% on a year-over-year basis. As a group, equities analysts expect that Kulicke and Soffa Industries Inc. will post 0.64 earnings per share for the current year.

Kulicke and Soffa Industries declared that its Board of Directors has approved a share repurchase plan on Thursday, January 31st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.46%. Kulicke and Soffa Industries’s dividend payout ratio is 19.75%.

KLIC has been the topic of a number of research analyst reports. BidaskClub upgraded Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Cowen restated a “hold” rating and issued a $22.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, February 4th. ValuEngine cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.40.

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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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