Arizona State Retirement System Sells 323 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Arizona State Retirement System lessened its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,787 shares of the semiconductor company’s stock after selling 323 shares during the period. Arizona State Retirement System’s holdings in Kulicke and Soffa Industries were worth $864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 2,903,559 shares of the semiconductor company’s stock valued at $141,200,000 after buying an additional 697,496 shares in the last quarter. American Century Companies Inc. boosted its stake in Kulicke and Soffa Industries by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock worth $137,214,000 after purchasing an additional 251,773 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kulicke and Soffa Industries by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,670,432 shares of the semiconductor company’s stock worth $129,863,000 after purchasing an additional 159,483 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Kulicke and Soffa Industries by 45.8% in the 4th quarter. Alliancebernstein L.P. now owns 2,109,800 shares of the semiconductor company’s stock worth $93,380,000 after purchasing an additional 663,192 shares in the last quarter. Finally, State Street Corp boosted its stake in Kulicke and Soffa Industries by 4.9% in the 1st quarter. State Street Corp now owns 2,058,052 shares of the semiconductor company’s stock worth $115,628,000 after purchasing an additional 95,909 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the transaction, the senior vice president now owns 24,240 shares of the company’s stock, valued at approximately $1,187,032.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $47.47 on Wednesday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 52.75 and a beta of 1.47. The firm’s 50-day moving average is $48.97 and its 200 day moving average is $49.32. Kulicke and Soffa Industries, Inc. has a 1 year low of $40.20 and a 1 year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Kulicke and Soffa Industries had a net margin of 7.03% and a return on equity of 8.55%. The company had revenue of $171.19 million for the quarter, compared to analysts’ expectations of $170.00 million. During the same quarter in the previous year, the business posted $0.37 EPS. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 88.89%.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research note on Wednesday, January 31st.

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 four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.