Donald L. Hagan LLC Increases Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Donald L. Hagan LLC raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 10.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,525 shares of the semiconductor company’s stock after buying an additional 626 shares during the quarter. Donald L. Hagan LLC’s holdings in Kulicke and Soffa Industries were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KLIC. Headlands Technologies LLC acquired a new stake in Kulicke and Soffa Industries in the 1st quarter valued at about $29,000. SRS Capital Advisors Inc. raised its stake in Kulicke and Soffa Industries by 340.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 443 shares during the period. Principal Securities Inc. acquired a new position in Kulicke and Soffa Industries in the fourth quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new stake in Kulicke and Soffa Industries during the fourth quarter worth $40,000. Finally, CWM LLC grew its holdings in shares of Kulicke and Soffa Industries by 120.7% during the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 426 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on KLIC. Craig Hallum decreased their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. B. Riley lowered their price objective on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. TD Cowen cut their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.33.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock traded up $0.41 during trading on Friday, reaching $43.44. The company’s stock had a trading volume of 318,344 shares, compared to its average volume of 491,663. Kulicke and Soffa Industries, Inc. has a 1-year low of $38.53 and a 1-year high of $56.71. The stock’s 50-day moving average price is $46.55 and its 200 day moving average price is $47.42. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -36.50 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $181.70 million during the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.31 EPS for the current fiscal year.

Kulicke and Soffa Industries Company Profile

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.