Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 53.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,438 shares of the semiconductor company’s stock after purchasing an additional 5,726 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kulicke and Soffa Industries were worth $899,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Kulicke and Soffa Industries by 224.6% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 465 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Kulicke and Soffa Industries by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after buying an additional 353 shares in the last quarter. Atlas Brown Inc. acquired a new position in Kulicke and Soffa Industries in the fourth quarter worth approximately $211,000. AlphaMark Advisors LLC bought a new position in shares of Kulicke and Soffa Industries in the third quarter valued at $218,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at $240,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kulicke and Soffa Industries

In related 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 value of $429,515.87. Following the completion of the transaction, the senior vice president now directly owns 24,240 shares in the company, valued at $1,187,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.

Kulicke and Soffa Industries Trading Up 1.9 %

NASDAQ KLIC opened at $47.02 on Monday. Kulicke and Soffa Industries, Inc. has a 1 year low of $40.20 and a 1 year high of $60.20. The company has a fifty day simple moving average of $48.48 and a 200 day simple moving average of $49.24. The company has a market cap of $2.65 billion, a P/E ratio of 52.24 and a beta of 1.47.

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

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were issued a $0.20 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.80 annualized dividend and a yield of 1.70%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 88.89%.

Analyst Ratings Changes

Separately, TheStreet downgraded 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.