D.A. Davidson & CO. Purchases 400 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

D.A. Davidson & CO. raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,951 shares of the semiconductor company’s stock after buying an additional 400 shares during the quarter. D.A. Davidson & CO.’s holdings in Kulicke and Soffa Industries were worth $511,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KLIC. Advisors Asset Management Inc. increased its holdings in Kulicke and Soffa Industries by 137.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 414 shares during the period. Signaturefd LLC increased its holdings in Kulicke and Soffa Industries by 226.3% in the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 543 shares during the period. GAMMA Investing LLC increased its holdings in Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 387 shares during the period. Public Employees Retirement System of Ohio bought a new position in Kulicke and Soffa Industries in the 3rd quarter valued at about $53,000. Finally, KBC Group NV increased its holdings in Kulicke and Soffa Industries by 93.2% in the 4th quarter. KBC Group NV now owns 2,898 shares of the semiconductor company’s stock valued at $135,000 after buying an additional 1,398 shares during the period. 98.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KLIC. Needham & Company LLC reaffirmed a “buy” rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. TD Cowen lifted their price target on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Buying and Selling

In other news, Director Chin Hu Lim sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $48.11, for a total value of $1,443,300.00. Following the transaction, the director now owns 59,701 shares in the company, valued at approximately $2,872,215.11. The trade was a 33.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Fusen Ernie Chen sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $48.29, for a total transaction of $3,863,200.00. Following the completion of the transaction, the chief executive officer now owns 1,100,765 shares in the company, valued at $53,155,941.85. This trade represents a 6.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,391 shares of company stock worth $5,870,582 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Kulicke and Soffa Industries Price Performance

NASDAQ:KLIC opened at $39.77 on Wednesday. The firm’s 50 day simple moving average is $45.14 and its 200 day simple moving average is $44.92. Kulicke and Soffa Industries, Inc. has a one year low of $38.20 and a one year high of $53.71. The company has a market cap of $2.12 billion, a PE ratio of 331.42 and a beta of 1.36.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. Equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a share buyback program on Wednesday, November 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.