Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Holdings Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,499 shares of the semiconductor company’s stock after acquiring an additional 6,855 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Kulicke and Soffa Industries worth $2,023,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Kulicke and Soffa Industries by 4.9% during the 1st quarter. State Street Corp now owns 2,058,052 shares of the semiconductor company’s stock valued at $115,628,000 after acquiring an additional 95,909 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 16.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,597,036 shares of the semiconductor company’s stock worth $68,369,000 after acquiring an additional 230,792 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Kulicke and Soffa Industries by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 581,162 shares of the semiconductor company’s stock worth $24,880,000 after acquiring an additional 1,557 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Kulicke and Soffa Industries by 23.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 581,086 shares of the semiconductor company’s stock worth $24,879,000 after acquiring an additional 111,682 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Kulicke and Soffa Industries by 42.7% during the 3rd quarter. Pacer Advisors Inc. now owns 461,548 shares of the semiconductor company’s stock worth $17,783,000 after buying an additional 138,126 shares during the period. 98.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Chan Pin Chong sold 800 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $47.60, for a total value of $38,080.00. Following the transaction, the executive vice president now owns 103,851 shares of the company’s stock, valued at approximately $4,943,307.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Chan Pin Chong sold 800 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $47.60, for a total value of $38,080.00. Following the sale, the executive vice president now owns 103,851 shares of the company’s stock, valued at approximately $4,943,307.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Fusen Ernie Chen sold 24,559 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $47.48, for a total transaction of $1,166,061.32. Following the completion of the sale, the chief executive officer now directly owns 975,097 shares in the company, valued at approximately $46,297,605.56. The disclosure for this sale can be found here. Insiders sold a total of 71,749 shares of company stock worth $3,346,757 in the last three months. Company insiders own 2.50% of the company’s stock.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $49.16 on Friday. The business has a fifty day moving average price of $46.94 and a two-hundred day moving average price of $44.49. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $35.95 and a fifty-two week high of $62.16. The stock has a market capitalization of $2.80 billion, a PE ratio of 6.96 and a beta of 1.33.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The semiconductor company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.28. The company had revenue of $286.31 million during the quarter, compared to analysts’ expectations of $280.00 million. Kulicke and Soffa Industries had a return on equity of 38.40% and a net margin of 28.83%. As a group, sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 1.94 earnings per share for the current year.

Kulicke and Soffa Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 9th. Stockholders of record on Thursday, December 22nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 21st. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 10.76%.

Analysts Set New Price Targets

Several brokerages have issued reports on KLIC. DA Davidson lifted their price objective on Kulicke and Soffa Industries from $55.00 to $60.00 in a research report on Friday, November 18th. StockNews.com initiated coverage on Kulicke and Soffa Industries in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, B. Riley cut their price target on Kulicke and Soffa Industries from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th.

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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