7,099 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Bought by Bank of Montreal Can

Bank of Montreal Can acquired a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,099 shares of the semiconductor company’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meritage Portfolio Management raised its holdings in Kulicke and Soffa Industries by 33.1% during the second quarter. Meritage Portfolio Management now owns 19,785 shares of the semiconductor company’s stock worth $1,176,000 after purchasing an additional 4,925 shares during the last quarter. Strs Ohio raised its holdings in shares of Kulicke and Soffa Industries by 8.0% in the second quarter. Strs Ohio now owns 2,700 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 200 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Kulicke and Soffa Industries by 7.6% in the second quarter. Verdence Capital Advisors LLC now owns 5,656 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 401 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $211,000. Finally, Kendall Capital Management acquired a new position in shares of Kulicke and Soffa Industries in the second quarter worth $217,000. 98.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 4,084 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $48.88, for a total transaction of $199,625.92. Following the completion of the sale, the senior vice president now owns 19,609 shares of the company’s stock, valued at $958,487.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 4,084 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $48.88, for a total transaction of $199,625.92. Following the completion of the sale, the senior vice president now owns 19,609 shares of the company’s stock, valued at $958,487.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Fusen Ernie Chen sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $47.11, for a total value of $1,413,300.00. Following the sale, the chief executive officer now directly owns 1,094,380 shares of the company’s stock, valued at approximately $51,556,241.80. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Kulicke and Soffa Industries Stock Up 3.4 %

Shares of NASDAQ:KLIC opened at $50.65 on Friday. The company has a market cap of $2.86 billion, a P/E ratio of 51.16 and a beta of 1.41. Kulicke and Soffa Industries, Inc. has a 52 week low of $40.20 and a 52 week high of $60.20. The business has a fifty day simple moving average of $46.06 and a 200-day simple moving average of $51.17.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, November 16th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $202.32 million during the quarter, compared to the consensus estimate of $200.17 million. Kulicke and Soffa Industries had a return on equity of 8.92% and a net margin of 7.70%. The business’s revenue for the quarter was down 29.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 earnings per share. Sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 2.29 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, December 20th. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.19. Kulicke and Soffa Industries’s payout ratio is 76.77%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KLIC. Craig Hallum raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Friday. B. Riley boosted their price target on Kulicke and Soffa Industries from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday. Finally, StockNews.com began coverage on Kulicke and Soffa Industries in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Kulicke and Soffa Industries Profile

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.