Handelsbanken Fonder AB Decreases Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Handelsbanken Fonder AB lowered its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,274 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in Kulicke and Soffa Industries were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. grew its position in Kulicke and Soffa Industries by 22.8% during the third quarter. Sei Investments Co. now owns 309,681 shares of the semiconductor company’s stock valued at $15,060,000 after buying an additional 57,418 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Kulicke and Soffa Industries by 23.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 250,207 shares of the semiconductor company’s stock worth $12,168,000 after purchasing an additional 47,903 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter worth approximately $1,259,000. TimesSquare Capital Management LLC raised its holdings in shares of Kulicke and Soffa Industries by 22.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 613,657 shares of the semiconductor company’s stock worth $29,842,000 after purchasing an additional 111,032 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in Kulicke and Soffa Industries by 26.8% in the third quarter. First Eagle Investment Management LLC now owns 153,064 shares of the semiconductor company’s stock valued at $7,444,000 after purchasing an additional 32,383 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Activity

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Kulicke and Soffa Industries Stock Up 0.3 %

NASDAQ KLIC opened at $47.16 on Tuesday. The company has a market cap of $2.66 billion, a PE ratio of 52.40 and a beta of 1.47. The firm’s 50-day simple moving average is $48.41 and its two-hundred day simple moving average is $49.25. Kulicke and Soffa Industries, Inc. has a 52 week low of $40.20 and a 52 week high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.30 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $170.00 million. During the same period last year, the firm earned $0.37 EPS. As a group, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

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

Kulicke and Soffa Industries Company 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.