Canada Pension Plan Investment Board Has $1.28 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Posted by Defense World Staff on Mar 1st, 2023

Canada Pension Plan Investment Board raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) by 332.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,300 shares of the semiconductor company’s stock after acquiring an additional 25,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Kulicke and Soffa Industries worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. boosted its stake in shares of Kulicke and Soffa Industries by 513.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 613 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 513 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Kulicke and Soffa Industries by 480.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,143 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 946 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $75,000. Point72 Hong Kong Ltd bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $89,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at about $87,000. Institutional investors and hedge funds own 98.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KLIC shares. DA Davidson raised their target price on shares of Kulicke and Soffa Industries from $55.00 to $60.00 in a research note on Friday, November 18th. B. Riley lifted their price objective on shares of Kulicke and Soffa Industries from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Finally, Craig Hallum lifted their price objective on shares of Kulicke and Soffa Industries from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 3,178 shares of Kulicke and Soffa Industries stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total transaction of $155,658.44. Following the completion of the transaction, the senior vice president now directly owns 23,693 shares of the company’s stock, valued at $1,160,483.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Fusen Ernie Chen sold 24,559 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $47.48, for a total value of $1,166,061.32. Following the completion of the sale, the chief executive officer now owns 975,097 shares of the company’s stock, valued at $46,297,605.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert Nestor Chylak sold 3,178 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total transaction of $155,658.44. Following the completion of the sale, the senior vice president now directly owns 23,693 shares of the company’s stock, valued at approximately $1,160,483.14. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Kulicke and Soffa Industries Stock Up 0.4 %

NASDAQ KLIC opened at $53.30 on Wednesday. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.95 and a 12-month high of $62.16. The company has a market capitalization of $3.02 billion, a PE ratio of 10.25 and a beta of 1.39. The firm’s 50 day moving average is $50.50 and its 200-day moving average is $45.95.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The company had revenue of $176.20 million for the quarter, compared to the consensus estimate of $176.49 million. Kulicke and Soffa Industries had a net margin of 25.80% and a return on equity of 28.72%. The firm’s revenue was down 61.8% compared to the same quarter last year. During the same period last year, the company earned $2.19 earnings per share. As a group, sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 1.85 EPS for the current year.

Kulicke and Soffa Industries Profile

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.