40,000 Shares in Kulicke and Soffa Industries Inc. (KLIC) Purchased by Crestline Management LP

Crestline Management LP acquired a new stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 40,000 shares of the semiconductor company’s stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Kulicke and Soffa Industries by 71.4% in the 4th quarter. Wells Fargo & Company MN now owns 5,879 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 2,449 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Kulicke and Soffa Industries by 43.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after buying an additional 2,731 shares during the last quarter. Geode Capital Management LLC boosted its position in Kulicke and Soffa Industries by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 495,908 shares of the semiconductor company’s stock valued at $12,067,000 after buying an additional 2,939 shares during the last quarter. Cipher Capital LP boosted its position in Kulicke and Soffa Industries by 7.9% in the 3rd quarter. Cipher Capital LP now owns 54,401 shares of the semiconductor company’s stock valued at $1,173,000 after buying an additional 3,995 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Kulicke and Soffa Industries by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 125,597 shares of the semiconductor company’s stock valued at $2,709,000 after buying an additional 4,096 shares during the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

How to Become a New Pot Stock Millionaire

Kulicke and Soffa Industries Inc. (NASDAQ KLIC) opened at $25.35 on Friday. Kulicke and Soffa Industries Inc. has a 12-month low of $18.22 and a 12-month high of $28.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.72 and a quick ratio of 5.08. The stock has a market capitalization of $1,797.07, a price-to-earnings ratio of 70.42, a PEG ratio of 0.95 and a beta of 1.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.28. Kulicke and Soffa Industries had a return on equity of 16.70% and a net margin of 3.10%. The business had revenue of $213.70 million for the quarter, compared to analyst estimates of $189.48 million. During the same period last year, the company earned $0.22 EPS. The firm’s revenue was up 42.8% on a year-over-year basis. research analysts anticipate that Kulicke and Soffa Industries Inc. will post 2.23 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. BidaskClub upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “sell” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, February 7th. ValuEngine upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $36.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $28.38.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3266330/40000-shares-in-kulicke-and-soffa-industries-inc-klic-purchased-by-crestline-management-lp.html.

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.

Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries Inc. (NASDAQ:KLIC).

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

Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Acadia Realty Trust  Cut to Sell at Zacks Investment Research
Acadia Realty Trust Cut to Sell at Zacks Investment Research
Comparing BioFuel Energy  & William Lyon Homes
Comparing BioFuel Energy & William Lyon Homes
Analysts Anticipate LPL Financial  Will Post Earnings of $0.69 Per Share
Analysts Anticipate LPL Financial Will Post Earnings of $0.69 Per Share
Critical Contrast: Virtu Financial  versus The Competition
Critical Contrast: Virtu Financial versus The Competition
Head-To-Head Survey: Sprague Resources  vs. Genesis Energy
Head-To-Head Survey: Sprague Resources vs. Genesis Energy
National Research  vs. Cleveland BioLabs  Critical Survey
National Research vs. Cleveland BioLabs Critical Survey


© 2006-2018 Ticker Report. Google+.