Peregrine Capital Management LLC Raises Stake in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

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Peregrine Capital Management LLC grew its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,223 shares of the semiconductor company’s stock after purchasing an additional 4,659 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.52% of Kulicke and Soffa Industries worth $6,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of KLIC. Mutual of America Capital Management LLC lifted its stake in Kulicke and Soffa Industries by 21.7% in the first quarter. Mutual of America Capital Management LLC now owns 2,744 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 490 shares during the period. Mason Street Advisors LLC lifted its position in shares of Kulicke and Soffa Industries by 2.6% during the fourth quarter. Mason Street Advisors LLC now owns 22,086 shares of the semiconductor company’s stock valued at $601,000 after buying an additional 556 shares during the last quarter. Paloma Partners Management Co lifted its position in shares of Kulicke and Soffa Industries by 5.8% during the first quarter. Paloma Partners Management Co now owns 12,115 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 668 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Kulicke and Soffa Industries by 13.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,919 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 795 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Kulicke and Soffa Industries by 0.7% during the first quarter. Swiss National Bank now owns 122,200 shares of the semiconductor company’s stock valued at $2,550,000 after buying an additional 800 shares during the last quarter. 87.21% of the stock is owned by hedge funds and other institutional investors.

KLIC opened at $23.70 on Friday. Kulicke and Soffa Industries Inc. has a 52-week low of $16.91 and a 52-week high of $28.66. The company has a market cap of $1.48 billion, a P/E ratio of 34.85 and a beta of 1.22. The firm’s 50-day moving average price is $22.55 and its 200-day moving average price is $23.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. Kulicke and Soffa Industries had a net margin of 7.33% and a return on equity of 6.75%. The company had revenue of $150.45 million for the quarter, compared to the consensus estimate of $150.00 million. On average, research analysts expect that Kulicke and Soffa Industries Inc. will post 0.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 26th were issued a $0.12 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.48 annualized dividend and a yield of 2.03%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 104.35%.

KLIC has been the subject of several analyst reports. B. Riley increased their price target on shares of Kulicke and Soffa Industries from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. TheStreet raised shares of Kulicke and Soffa Industries from a “c” rating to a “b-” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Kulicke and Soffa Industries has an average rating of “Hold” and a consensus price target of $29.20.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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

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