Keybank National Association OH lifted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,172 shares of the semiconductor company's stock after acquiring an additional 1,795 shares during the quarter. Keybank National Association OH's holdings in Kulicke and Soffa Industries were worth $539,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Kulicke and Soffa Industries by 113.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 21,226 shares of the semiconductor company's stock worth $818,000 after acquiring an additional 11,269 shares during the last quarter. Bank Hapoalim BM lifted its holdings in shares of Kulicke and Soffa Industries by 12.8% in the 3rd quarter. Bank Hapoalim BM now owns 153,514 shares of the semiconductor company's stock worth $5,915,000 after acquiring an additional 17,446 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Kulicke and Soffa Industries by 16.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 11,553 shares of the semiconductor company's stock worth $445,000 after acquiring an additional 1,623 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Kulicke and Soffa Industries by 14.8% in the 3rd quarter. LSV Asset Management now owns 1,550,746 shares of the semiconductor company's stock worth $59,750,000 after acquiring an additional 200,200 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Kulicke and Soffa Industries by 20.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 70,632 shares of the semiconductor company's stock worth $2,720,000 after acquiring an additional 11,990 shares during the last quarter. Institutional investors own 98.95% of the company's stock.
Get Kulicke and Soffa Industries alerts:Analysts Set New Price Targets
KLIC has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Kulicke and Soffa Industries from a "hold" rating to a "buy" rating in a report on Wednesday, March 29th. Craig Hallum lifted their price objective on shares of Kulicke and Soffa Industries from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, February 3rd. DA Davidson reiterated a "buy" rating on shares of Kulicke and Soffa Industries in a report on Tuesday, April 11th. Finally, B. Riley lifted their price objective on shares of Kulicke and Soffa Industries from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, February 3rd.
Insider Transactions at Kulicke and Soffa Industries
In other news, CFO Lester A. Wong sold 40,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $51.48, for a total value of $2,059,200.00. Following the transaction, the chief financial officer now owns 129,746 shares of the company's stock, valued at approximately $6,679,324.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $53.80, for a total value of $269,000.00. Following the transaction, the senior vice president now owns 185,076 shares of the company's stock, valued at approximately $9,957,088.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lester A. Wong sold 40,000 shares of the business's stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $51.48, for a total transaction of $2,059,200.00. Following the sale, the chief financial officer now directly owns 129,746 shares in the company, valued at approximately $6,679,324.08. The disclosure for this sale can be found here. Insiders own 3.10% of the company's stock.
Kulicke and Soffa Industries Stock Performance
NASDAQ KLIC opened at $47.55 on Thursday. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 9.14 and a beta of 1.40. The company's 50-day simple moving average is $51.96 and its two-hundred day simple moving average is $48.09. Kulicke and Soffa Industries, Inc. has a one year low of $35.95 and a one year high of $58.81.
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last posted its earnings results on Thursday, February 2nd. The semiconductor company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.13. The business 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 company's revenue for the quarter was down 61.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.19 EPS. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 1.85 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Stockholders of record on Thursday, March 23rd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, March 22nd. Kulicke and Soffa Industries's payout ratio is currently 14.62%.
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.
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