Entropy Technologies LP Invests $219,000 in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Entropy Technologies LP bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,689 shares of the semiconductor company’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in Kulicke and Soffa Industries by 137.5% in the third 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 last quarter. Signaturefd LLC boosted its position in Kulicke and Soffa Industries by 226.3% in the third 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 last quarter. GAMMA Investing LLC boosted its position in Kulicke and Soffa Industries by 61.0% in the fourth 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in Kulicke and Soffa Industries in the third quarter valued at approximately $53,000. Finally, CWM LLC boosted its position in Kulicke and Soffa Industries by 101.8% in the third quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock opened at $41.07 on Friday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 342.25 and a beta of 1.36. The stock has a 50 day simple moving average of $46.19 and a 200-day simple moving average of $44.94. Kulicke and Soffa Industries, Inc. has a 1-year low of $38.20 and a 1-year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share 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%. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.24 earnings per share for the current fiscal year.

Kulicke and Soffa Industries declared that its board has approved a stock buyback plan on Wednesday, November 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

KLIC has been the topic of a number of recent research reports. DA Davidson dropped their target price on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Needham & Company LLC reissued a “buy” rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, TD Cowen boosted their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Transactions at Kulicke and Soffa Industries

In related news, EVP Chan Pin Chong sold 9,730 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $46.07, for a total value of $448,261.10. Following the completion of the transaction, the executive vice president now directly owns 81,916 shares of the company’s stock, valued at approximately $3,773,870.12. This represents a 10.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Nestor Chylak sold 11,391 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $49.52, for a total value of $564,082.32. Following the completion of the transaction, the senior vice president now directly owns 20,838 shares of the company’s stock, valued at approximately $1,031,897.76. This represents a 35.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,121 shares of company stock valued at $10,527,843 in the last three months. 3.40% of the stock is currently owned by company insiders.

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.