Kulicke and Soffa Industries Inc. (KLIC) Holdings Cut by California Public Employees Retirement System

California Public Employees Retirement System cut its position in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 252,013 shares of the semiconductor company’s stock after selling 17,800 shares during the period. California Public Employees Retirement System’s holdings in Kulicke and Soffa Industries were worth $6,133,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of Kulicke and Soffa Industries by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,079 shares of the semiconductor company’s stock valued at $195,000 after purchasing an additional 2,731 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $263,000. Crossmark Global Holdings Inc. purchased a new position in shares of Kulicke and Soffa Industries during the third quarter valued at approximately $301,000. Catalyst Capital Advisors LLC purchased a new position in shares of Kulicke and Soffa Industries during the third quarter valued at approximately $324,000. Finally, First Trust Advisors LP purchased a new position in shares of Kulicke and Soffa Industries during the third quarter valued at approximately $581,000. 84.30% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently weighed in on KLIC shares. BidaskClub cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 27th. DA Davidson boosted their price objective on shares of Kulicke and Soffa Industries to $35.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. B. Riley reissued a “buy” rating and set a $31.00 price objective on shares of Kulicke and Soffa Industries in a report on Monday, November 13th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 31st. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.38.

Kulicke and Soffa Industries Inc. (NASDAQ KLIC) opened at $24.95 on Friday. The company has a current ratio of 5.72, a quick ratio of 5.08 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries Inc. has a twelve month low of $18.22 and a twelve month high of $28.71. The firm has a market cap of $1,727.16, a P/E ratio of 69.31, a PEG ratio of 0.92 and a beta of 1.30.

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

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About Kulicke and Soffa Industries

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.

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

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