Algert Global LLC Takes Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Algert Global LLC has acquired a new stake in Kulicke and Soffa Industries, purchasing 7,210 shares valued at approximately $238,000.
• Recent changes by large investors indicate strong institutional interest, with 98.22% of the shares currently owned by institutional investors and hedge funds.
• The company's stock has a market capitalization of $1.95 billion and reported earnings of $0.07 per share for the recent quarter, exceeding analysts' expectations.

Algert Global LLC bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,210 shares of the semiconductor company's stock, valued at approximately $238,000.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Kulicke and Soffa Industries by 1.4% in the first quarter. Principal Financial Group Inc. now owns 266,466 shares of the semiconductor company's stock valued at $8,788,000 after purchasing an additional 3,667 shares during the period. GAMMA Investing LLC increased its holdings in shares of Kulicke and Soffa Industries by 1,770.2% in the first quarter. GAMMA Investing LLC now owns 19,095 shares of the semiconductor company's stock valued at $579,000 after purchasing an additional 18,074 shares during the period. Fifth Third Bancorp increased its holdings in shares of Kulicke and Soffa Industries by 99.7% in the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 606 shares during the period. Raymond James Financial Inc. acquired a new position in Kulicke and Soffa Industries during the fourth quarter worth $2,916,000. Finally, Envestnet Asset Management Inc. grew its holdings in Kulicke and Soffa Industries by 0.6% during the first quarter. Envestnet Asset Management Inc. now owns 166,647 shares of the semiconductor company's stock worth $5,496,000 after acquiring an additional 996 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Price Performance

KLIC traded up $0.18 during trading on Thursday, reaching $37.80. 442,020 shares of the stock were exchanged, compared to its average volume of 540,949. The business's 50 day moving average price is $35.51 and its two-hundred day moving average price is $34.71. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 472.50 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $148.41 million for the quarter, compared to the consensus estimate of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.Kulicke and Soffa Industries's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Insider Activity

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total value of $1,112,100.00. Following the sale, the senior vice president directly owned 147,533 shares in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KLIC shares. DA Davidson dropped their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC upped their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, TD Cowen upped their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average target price of $44.33.

About Kulicke and Soffa Industries

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.