Kulicke and Soffa Industries Inc. (KLIC) Shares Bought by Menta Capital LLC

Menta Capital LLC lifted its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 39.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,677 shares of the semiconductor company’s stock after buying an additional 6,092 shares during the period. Menta Capital LLC’s holdings in Kulicke and Soffa Industries were worth $439,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in shares of Kulicke and Soffa Industries by 56.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock worth $30,000 after buying an additional 531 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Kulicke and Soffa Industries by 340.9% during the 4th quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock worth $46,000 after buying an additional 1,725 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth $57,000. Quantamental Technologies LLC acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth $61,000. Finally, Bank of Montreal Can raised its holdings in shares of Kulicke and Soffa Industries by 14.0% during the 4th quarter. Bank of Montreal Can now owns 7,218 shares of the semiconductor company’s stock worth $147,000 after buying an additional 886 shares in the last quarter. 87.00% of the stock is owned by institutional investors.

Shares of Kulicke and Soffa Industries stock opened at $22.99 on Friday. Kulicke and Soffa Industries Inc. has a one year low of $17.40 and a one year high of $28.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.81 and a current ratio of 6.58. The stock has a market cap of $1.52 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Thursday, January 31st. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Kulicke and Soffa Industries had a return on equity of 16.99% and a net margin of 16.06%. The company had revenue of $157.21 million for the quarter, compared to analyst estimates of $155.00 million. During the same quarter in the prior year, the company earned $0.54 EPS. Equities research analysts expect that Kulicke and Soffa Industries Inc. will post 0.84 earnings per share for the current fiscal year.

Kulicke and Soffa Industries announced that its Board of Directors has approved a stock repurchase plan on Thursday, January 31st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.09%. Kulicke and Soffa Industries’s payout ratio is 19.75%.

A number of equities analysts have issued reports on KLIC shares. B. Riley lowered their target price on Kulicke and Soffa Industries from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Cowen reaffirmed a “hold” rating and issued a $22.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. BidaskClub cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. DA Davidson lowered their target price on Kulicke and Soffa Industries to $32.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Finally, Craig Hallum started coverage on Kulicke and Soffa Industries in a report on Tuesday, November 20th. They issued a “buy” rating and a $30.00 target price for the company. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.40.

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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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