Los Angeles Capital Management & Equity Research Inc. Invests $508,000 in Kulicke and Soffa Industries Inc. (KLIC)

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Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) in the 4th quarter, HoldingsChannel reports. The fund acquired 25,080 shares of the semiconductor company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in shares of Kulicke and Soffa Industries by 2,536.6% in the 3rd quarter. Morgan Stanley now owns 926,202 shares of the semiconductor company’s stock valued at $22,082,000 after acquiring an additional 891,074 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at about $15,635,000. Walthausen & Co. LLC bought a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at about $13,649,000. Oregon Public Employees Retirement Fund bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $26,000. Finally, Royce & Associates LP lifted its holdings in shares of Kulicke and Soffa Industries by 11.0% in the 3rd quarter. Royce & Associates LP now owns 4,674,978 shares of the semiconductor company’s stock valued at $111,451,000 after acquiring an additional 464,900 shares during the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:KLIC opened at $22.71 on Friday. The company has a quick ratio of 5.81, a current ratio of 6.58 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries Inc. has a 12 month low of $17.40 and a 12 month high of $28.69. The stock has a market capitalization of $1.50 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, January 31st. The semiconductor company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Kulicke and Soffa Industries had a net margin of 16.06% and a return on equity of 16.99%. The firm had revenue of $157.21 million during the quarter, compared to the consensus estimate of $155.00 million. During the same quarter last year, the firm earned $0.54 EPS. On average, sell-side analysts forecast that Kulicke and Soffa Industries Inc. will post 0.84 earnings per share for the current year.

Kulicke and Soffa Industries announced that its board has authorized a share buyback program 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 programs are often a sign 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, April 15th. Investors of record on Thursday, March 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, March 27th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 19.75%.

A number of brokerages recently commented on KLIC. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. Cowen reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. ValuEngine downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 23rd. Finally, DA Davidson lowered their price target on shares of Kulicke and Soffa Industries to $32.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of “Hold” and a consensus price target of $28.40.

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Kulicke and Soffa Industries 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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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)

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