Amalgamated Bank Sells 373 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Amalgamated Bank decreased its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,728 shares of the semiconductor company’s stock after selling 373 shares during the period. Amalgamated Bank’s holdings in Kulicke and Soffa Industries were worth $734,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kulicke and Soffa Industries by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company’s stock worth $891,000 after buying an additional 250 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Kulicke and Soffa Industries by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company’s stock valued at $1,695,000 after purchasing an additional 371 shares during the period. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 387 shares during the period. D.A. Davidson & CO. boosted its holdings in Kulicke and Soffa Industries by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 10,951 shares of the semiconductor company’s stock valued at $511,000 after purchasing an additional 400 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in 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 valued at $32,000 after purchasing an additional 414 shares during the period. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Up 0.5 %

Shares of NASDAQ:KLIC opened at $36.53 on Wednesday. The firm has a 50 day moving average of $43.96 and a 200-day moving average of $44.77. The stock has a market capitalization of $1.95 billion, a PE ratio of 304.42 and a beta of 1.36. Kulicke and Soffa Industries, Inc. has a 12 month low of $36.13 and a 12 month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the semiconductor company to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, Director Chin Hu Lim sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $48.11, for a total value of $1,443,300.00. Following the completion of the transaction, the director now directly owns 59,701 shares in the company, valued at approximately $2,872,215.11. This represents a 33.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert Nestor Chylak sold 11,391 shares of the company’s stock in a transaction that occurred 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 owns 20,838 shares of the company’s stock, valued at approximately $1,031,897.76. This trade represents a 35.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,391 shares of company stock worth $5,870,582 in the last three months. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. TD Cowen boosted 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 report on Friday, November 15th. DA Davidson cut 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 report on Friday, November 15th. Finally, StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries has an average rating of “Moderate Buy” and an average target price of $52.00.

Kulicke and Soffa Industries Company 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.