Bank of New York Mellon Corp Has $14.46 Million Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Bank of New York Mellon Corp decreased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 438,395 shares of the semiconductor company’s stock after selling 32,004 shares during the period. Bank of New York Mellon Corp owned 0.82% of Kulicke and Soffa Industries worth $14,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KLIC. Vanguard Group Inc. lifted its holdings in Kulicke and Soffa Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company’s stock worth $152,975,000 after acquiring an additional 50,430 shares during the period. The Manufacturers Life Insurance Company increased its position in Kulicke and Soffa Industries by 68.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company’s stock worth $82,220,000 after buying an additional 717,832 shares during the last quarter. Northern Trust Corp increased its position in Kulicke and Soffa Industries by 11.8% in the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company’s stock worth $34,255,000 after buying an additional 77,479 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth $24,109,000. Finally, Point72 Asset Management L.P. purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth $22,134,000. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

KLIC has been the topic of a number of analyst reports. Needham & Company LLC decreased their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. TD Cowen dropped their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Finally, DA Davidson lowered their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $35.42 on Friday. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08. The stock’s fifty day moving average is $34.38 and its 200 day moving average is $36.63. The stock has a market cap of $1.87 billion, a P/E ratio of 98.39 and a beta of 1.54.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.71). The business had revenue of $161.99 million for 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%. Kulicke and Soffa Industries’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.95) earnings per share. Analysts predict 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. Stockholders of record on Thursday, June 19th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.32%. Kulicke and Soffa Industries’s payout ratio is 227.78%.

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.