Voya Investment Management LLC Invests $1.36 Million in Kulicke and Soffa Industries, Inc. (KLIC)

Voya Investment Management LLC bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 71,597 shares of the semiconductor company’s stock, valued at approximately $1,362,000. Voya Investment Management LLC owned approximately 0.10% of Kulicke and Soffa Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KLIC. UBS Group AG raised its position in shares of Kulicke and Soffa Industries by 95.9% during the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 2,935 shares in the last quarter. Creative Planning raised its position in shares of Kulicke and Soffa Industries by 9.1% during the 2nd quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 617 shares in the last quarter. Advisor Group Inc. raised its position in shares of Kulicke and Soffa Industries by 11,247.9% during the 2nd quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 7,986 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Kulicke and Soffa Industries by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 802 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Kulicke and Soffa Industries by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 532 shares in the last quarter. 84.87% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $26.50.

WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/22/voya-investment-management-llc-invests-1-36-million-in-kulicke-and-soffa-industries-inc-klic.html.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at 22.05 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $13.05 and a 52-week high of $23.00. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 18.33 and a beta of 1.33. The company’s 50 day moving average price is $20.69 and its 200 day moving average price is $20.72.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.21. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The company had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. During the same quarter last year, the firm earned $0.45 EPS. Kulicke and Soffa Industries’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.40 earnings per share for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback program o

Several other institutional investors and hedge funds have also made changes to their positions in KLIC. UBS Group AG raised its position in shares of Kulicke and Soffa Industries by 95.9% during the 1st quarter. UBS Group AG now owns 5,997 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 2,935 shares in the last quarter. Creative Planning raised its position in shares of Kulicke and Soffa Industries by 9.1% during the 2nd quarter. Creative Planning now owns 7,382 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 617 shares in the last quarter. Advisor Group Inc. raised its position in shares of Kulicke and Soffa Industries by 11,247.9% during the 2nd quarter. Advisor Group Inc. now owns 8,057 shares of the semiconductor company’s stock valued at $153,000 after acquiring an additional 7,986 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Kulicke and Soffa Industries by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,436 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 802 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Kulicke and Soffa Industries by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 9,143 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 532 shares in the last quarter. 84.87% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $31.00 price target on shares of Kulicke and Soffa Industries in a research report on Tuesday, July 4th. BidaskClub lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $26.50.

WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/22/voya-investment-management-llc-invests-1-36-million-in-kulicke-and-soffa-industries-inc-klic.html.

Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) opened at 22.05 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $13.05 and a 52-week high of $23.00. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 18.33 and a beta of 1.33. The company’s 50 day moving average price is $20.69 and its 200 day moving average price is $20.72.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.21. Kulicke and Soffa Industries had a return on equity of 11.88% and a net margin of 11.61%. The company had revenue of $243.90 million for the quarter, compared to analyst estimates of $245.02 million. During the same quarter last year, the firm earned $0.45 EPS. Kulicke and Soffa Industries’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts forecast that Kulicke and Soffa Industries, Inc. will post $1.40 earnings per share for the current year.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 15th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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

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