Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Position Reduced by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,216 shares of the semiconductor company’s stock after selling 512 shares during the quarter. Amalgamated Bank’s holdings in Kulicke and Soffa Industries were worth $502,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KLIC. Proficio Capital Partners LLC bought a new position in Kulicke and Soffa Industries during the 4th quarter valued at $819,000. Raymond James Financial Inc. bought a new position in Kulicke and Soffa Industries during the 4th quarter valued at $2,916,000. Amundi boosted its stake in Kulicke and Soffa Industries by 200.8% during the 4th quarter. Amundi now owns 27,898 shares of the semiconductor company’s stock valued at $1,326,000 after acquiring an additional 18,623 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kulicke and Soffa Industries by 13.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,370 shares of the semiconductor company’s stock valued at $1,044,000 after acquiring an additional 2,635 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Kulicke and Soffa Industries by 17.9% during the 4th quarter. HighTower Advisors LLC now owns 7,032 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 1,068 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. DA Davidson reduced their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reduced their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen reduced their price target on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Kulicke and Soffa Industries Stock Up 1.0%

Shares of NASDAQ:KLIC opened at $36.95 on Friday. The company has a market cap of $1.95 billion, a PE ratio of 102.64 and a beta of 1.54. The company’s 50-day moving average price is $33.95 and its 200 day moving average price is $37.19. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). The firm had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.95) earnings per share. As a group, equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were given a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.22%. Kulicke and Soffa Industries’s dividend payout ratio is presently 227.78%.

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.