13,454 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,454 shares of the semiconductor company’s stock, valued at approximately $588,000.

Several other institutional investors and hedge funds have also bought and sold shares of KLIC. American Century Companies Inc. lifted its position in Kulicke and Soffa Industries by 39.8% during the first quarter. American Century Companies Inc. now owns 2,526,371 shares of the semiconductor company’s stock worth $141,527,000 after purchasing an additional 719,765 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 30.7% in the first quarter. Victory Capital Management Inc. now owns 1,366,244 shares of the semiconductor company’s stock worth $76,274,000 after acquiring an additional 320,545 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Kulicke and Soffa Industries by 2,232.9% in the first quarter. Jupiter Asset Management Ltd. now owns 276,750 shares of the semiconductor company’s stock worth $15,470,000 after acquiring an additional 264,887 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Kulicke and Soffa Industries by 23.4% in the first quarter. LSV Asset Management now owns 1,310,757 shares of the semiconductor company’s stock worth $73,429,000 after acquiring an additional 248,408 shares during the last quarter. Finally, Woodline Partners LP bought a new position in shares of Kulicke and Soffa Industries in the first quarter worth about $7,238,000. Institutional investors own 99.84% of the company’s stock.

Wall Street Analyst Weigh In

KLIC has been the subject of a number of research reports. B. Riley dropped their target price on shares of Kulicke and Soffa Industries from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. StockNews.com began coverage on shares of Kulicke and Soffa Industries in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, DA Davidson dropped their price objective on shares of Kulicke and Soffa Industries from $70.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 17th.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $46.25 on Friday. The company has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $45.04. The firm has a market cap of $2.69 billion, a PE ratio of 5.74 and a beta of 1.32. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.95 and a 1 year high of $73.45.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 9th. Investors of record on Thursday, September 22nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 8.44%.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 1,228 shares of the stock in a transaction that occurred on Tuesday, October 18th. The shares were sold at an average price of $38.12, for a total transaction of $46,811.36. Following the completion of the sale, the senior vice president now owns 26,928 shares of the company’s stock, valued at approximately $1,026,495.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Kulicke and Soffa Industries Profile

(Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

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

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