Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Has $2.30 Million Holdings in Kulicke and Soffa Industries Inc. (KLIC)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,200 shares of the semiconductor company’s stock after selling 110,500 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.17% of Kulicke and Soffa Industries worth $2,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $26,000. Proficio Capital Partners LLC grew its holdings in shares of Kulicke and Soffa Industries by 56.4% during the fourth quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 531 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Kulicke and Soffa Industries by 340.9% during the fourth quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,725 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $57,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $61,000. 86.10% of the stock is owned by institutional investors and hedge funds.

NASDAQ:KLIC opened at $22.14 on Friday. Kulicke and Soffa Industries Inc. has a 52 week low of $17.40 and a 52 week 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 company has a market cap of $1.46 billion, a PE ratio of 10.39, a PEG ratio of 2.19 and a beta of 1.16.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Thursday, January 31st. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Kulicke and Soffa Industries had a net margin of 16.06% and a return on equity of 16.99%. The company had revenue of $157.21 million for the quarter, compared to analysts’ expectations of $155.00 million. During the same quarter last year, the company posted $0.54 earnings per share. As a group, equities analysts predict 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 initiated a stock buyback program on Thursday, January 31st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.17%. The ex-dividend date is Wednesday, March 27th. Kulicke and Soffa Industries’s dividend payout ratio is currently 19.75%.

KLIC has been the topic of a number of recent analyst reports. ValuEngine cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. BidaskClub cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, Cowen reiterated a “hold” rating and set a $22.00 price target on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price 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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