35,000 Shares in Kulicke and Soffa Industries, Inc. (KLIC) Acquired by Symmetry Peak Management LLC

Symmetry Peak Management LLC purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the first quarter, Holdings Channel reports. The fund purchased 35,000 shares of the semiconductor company’s stock, valued at approximately $711,000.

A number of other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $6,454,000. Comerica Bank boosted its stake in shares of Kulicke and Soffa Industries by 2.7% in the fourth quarter. Comerica Bank now owns 72,856 shares of the semiconductor company’s stock worth $1,243,000 after buying an additional 1,913 shares during the period. State Street Corp boosted its stake in shares of Kulicke and Soffa Industries by 27.8% in the fourth quarter. State Street Corp now owns 403,070 shares of the semiconductor company’s stock worth $6,430,000 after buying an additional 87,571 shares during the period. Teza Capital Management LLC acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $221,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Kulicke and Soffa Industries by 30.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,688 shares of the semiconductor company’s stock worth $314,000 after buying an additional 4,652 shares during the period. 94.24% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) traded up 0.64% during mid-day trading on Friday, reaching $20.53. 398,233 shares of the company were exchanged. The firm’s 50-day moving average is $21.80 and its 200-day moving average is $19.45. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 16.83 and a beta of 1.09. Kulicke and Soffa Industries, Inc. has a 12 month low of $11.29 and a 12 month high of $23.00.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Kulicke and Soffa Industries had a net margin of 12.19% and a return on equity of 10.59%. The company had revenue of $199.60 million for the quarter, compared to analyst estimates of $190.89 million. During the same quarter in the prior year, the business posted $0.07 EPS. Kulicke and Soffa Industries’s quarterly revenue was up 27.6% on a year-over-year basis. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.42 earnings per share for the current fiscal year.

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KLIC has been the subject of a number of research reports. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 5th. B. Riley reaffirmed a “buy” rating and set a $29.50 price target on shares of Kulicke and Soffa Industries in a research report on Wednesday, May 3rd. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.75.

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.

Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC).

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