Zurcher Kantonalbank Zurich Cantonalbank Sells 969 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 4.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,401 shares of the semiconductor company’s stock after selling 969 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kulicke and Soffa Industries were worth $706,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in Kulicke and Soffa Industries by 68.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company’s stock valued at $82,220,000 after purchasing an additional 717,832 shares during the period. Point72 Hong Kong Ltd bought a new stake in Kulicke and Soffa Industries during the 4th quarter valued at approximately $24,109,000. Point72 Asset Management L.P. bought a new stake in Kulicke and Soffa Industries during the 4th quarter valued at approximately $22,134,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Kulicke and Soffa Industries by 3,534.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 461,555 shares of the semiconductor company’s stock valued at $15,222,000 after purchasing an additional 448,856 shares during the period. Finally, Millennium Management LLC raised its stake in Kulicke and Soffa Industries by 286.1% during the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company’s stock valued at $19,747,000 after purchasing an additional 313,595 shares during the period. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $32.11 on Thursday. The stock has a market capitalization of $1.69 billion, a PE ratio of 89.20 and a beta of 1.52. The business has a 50 day simple moving average of $34.58 and a two-hundred day simple moving average of $35.56. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $148.41 million during the quarter, compared to analysts’ expectations of $145.48 million. Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were issued a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.6%. 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.