Mackenzie Financial Corp Has $1.49 Million Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Mackenzie Financial Corp grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,138 shares of the semiconductor company’s stock after purchasing an additional 4,923 shares during the quarter. Mackenzie Financial Corp’s holdings in Kulicke and Soffa Industries were worth $1,485,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KLIC. SG Americas Securities LLC acquired a new position in shares of Kulicke and Soffa Industries during the 3rd quarter worth approximately $824,000. Commonwealth Equity Services LLC increased its holdings in shares of Kulicke and Soffa Industries by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 50,844 shares of the semiconductor company’s stock worth $2,473,000 after acquiring an additional 1,436 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Kulicke and Soffa Industries by 15.1% during the 3rd quarter. Raymond James & Associates now owns 31,965 shares of the semiconductor company’s stock worth $1,554,000 after acquiring an additional 4,194 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Kulicke and Soffa Industries by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 285 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kulicke and Soffa Industries by 12.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,712 shares of the semiconductor company’s stock valued at $521,000 after buying an additional 1,144 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, TheStreet lowered Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $46.73 on Thursday. The stock’s fifty day moving average price is $48.63 and its two-hundred day moving average price is $49.24. Kulicke and Soffa Industries, Inc. has a one year low of $40.20 and a one year high of $60.20. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 51.92 and a beta of 1.47.

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

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were given a dividend of $0.20 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.71%. Kulicke and Soffa Industries’s payout ratio is 88.89%.

Insider Activity

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the completion of the sale, the senior vice president now directly owns 24,240 shares in the company, valued at approximately $1,187,032.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.