State of Alaska Department of Revenue Has $1.43 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

State of Alaska Department of Revenue lessened its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,616 shares of the semiconductor company’s stock after selling 490 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Kulicke and Soffa Industries worth $1,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KLIC. Advisors Asset Management Inc. raised its holdings in shares of Kulicke and Soffa Industries by 137.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 414 shares during the last quarter. Signaturefd LLC increased its stake in Kulicke and Soffa Industries by 226.3% in the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 543 shares during the last quarter. GAMMA Investing LLC increased its stake in Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 387 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Kulicke and Soffa Industries in the 3rd quarter valued at about $53,000. Finally, CWM LLC increased its stake in Kulicke and Soffa Industries by 101.8% in the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 970 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KLIC shares. DA Davidson decreased their price objective on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. TD Cowen increased their price objective on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Finally, StockNews.com upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Kulicke and Soffa Industries Stock Down 1.5 %

Kulicke and Soffa Industries stock opened at $40.58 on Thursday. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $53.71. The firm has a 50 day moving average price of $46.51 and a 200-day moving average price of $44.99. The company has a market capitalization of $2.18 billion, a P/E ratio of 338.17 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 1.24 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its board has approved a share repurchase plan on Wednesday, November 13th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Kulicke and Soffa Industries

In other news, SVP Robert Nestor Chylak sold 11,391 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $49.52, for a total transaction of $564,082.32. Following the completion of the transaction, the senior vice president now directly owns 20,838 shares in the company, valued at $1,031,897.76. The trade was a 35.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $47.56, for a total transaction of $1,426,800.00. Following the transaction, the senior vice president now owns 177,533 shares of the company’s stock, valued at $8,443,469.48. This trade represents a 14.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 221,121 shares of company stock worth $10,527,843. Corporate insiders own 3.40% of the company’s stock.

Kulicke and Soffa Industries Profile

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.