D.A. Davidson & CO. Has $511,000 Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

D.A. Davidson & CO. boosted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,951 shares of the semiconductor company’s stock after buying an additional 400 shares during the quarter. D.A. Davidson & CO.’s holdings in Kulicke and Soffa Industries were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLIC. CIBC Asset Management Inc acquired a new stake in Kulicke and Soffa Industries in the 4th quarter worth $253,000. Principal Financial Group Inc. grew its position in Kulicke and Soffa Industries by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 262,799 shares of the semiconductor company’s stock worth $12,262,000 after purchasing an additional 4,613 shares during the last quarter. Congress Asset Management Co. grew its position in Kulicke and Soffa Industries by 9.2% in the 4th quarter. Congress Asset Management Co. now owns 147,936 shares of the semiconductor company’s stock worth $6,903,000 after purchasing an additional 12,496 shares during the last quarter. Rhumbline Advisers grew its position in Kulicke and Soffa Industries by 8.2% in the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company’s stock worth $7,628,000 after purchasing an additional 12,355 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Kulicke and Soffa Industries in the 4th quarter worth $219,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC opened at $39.77 on Wednesday. The company has a 50 day moving average price of $45.14 and a two-hundred day moving average price of $44.92. Kulicke and Soffa Industries, Inc. has a 52 week low of $38.20 and a 52 week high of $53.71. The company has a market capitalization of $2.12 billion, a PE ratio of 331.42 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries announced that its board has initiated a share repurchase program on Wednesday, November 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

KLIC has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $53.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Finally, DA Davidson decreased their target price on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 11,391 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $49.52, for a total value of $564,082.32. Following the completion of the sale, the senior vice president now owns 20,838 shares in the company, valued at $1,031,897.76. This trade represents a 35.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Chin Hu Lim sold 30,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $48.11, for a total transaction of $1,443,300.00. Following the completion of the sale, the director now owns 59,701 shares of the company’s stock, valued at approximately $2,872,215.11. This represents a 33.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,391 shares of company stock valued at $5,870,582. 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.