BlackRock Fund Advisors increased its stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,792,294 shares of the company’s stock after buying an additional 81,458 shares during the period. BlackRock Fund Advisors owned 3.97% of Kulicke and Soffa Industries worth $31,609,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Algert Global LLC increased its stake in shares of Kulicke and Soffa Industries by 190.7% in the first quarter. Algert Global LLC now owns 55,552 shares of the company’s stock valued at $629,000 after buying an additional 36,445 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Kulicke and Soffa Industries during the fourth quarter valued at about $1,080,000. BlackRock Group LTD boosted its position in Kulicke and Soffa Industries by 6.7% in the first quarter. BlackRock Group LTD now owns 94,756 shares of the company’s stock valued at $1,073,000 after buying an additional 5,986 shares during the last quarter. American Capital Management Inc. acquired a new position in Kulicke and Soffa Industries during the fourth quarter valued at about $1,437,000. Finally, Schwab Charles Investment Management Inc. boosted its position in Kulicke and Soffa Industries by 6.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 156,563 shares of the company’s stock valued at $1,828,000 after buying an additional 9,005 shares during the last quarter.
Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) traded down 1.55% on Thursday, reaching $12.70. The company’s stock had a trading volume of 164,360 shares. Kulicke and Soffa Industries Inc. has a 52-week low of $8.80 and a 52-week high of $12.98. The firm has a 50-day moving average price of $12.30 and a 200 day moving average price of $11.45. The firm has a market capitalization of $893.80 million and a P/E ratio of 23.01.
Several research analysts have issued reports on the company. Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. B. Riley reiterated a “buy” rating and issued a $16.00 price objective on shares of Kulicke and Soffa Industries in a research report on Monday, May 9th.
Kulicke and Soffa Industries, Inc (K&S), designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (IC), high and low powered discrete devices, light-emitting diodes (LEDs), and power modules. The Company also service, maintain, repair and upgrade its equipment.
