Wealth Enhancement Advisory Services LLC Has $693,000 Stock Position in Kulicke and Soffa Industries, Inc. $KLIC

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 134.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,858 shares of the semiconductor company’s stock after purchasing an additional 10,826 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kulicke and Soffa Industries were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Kulicke and Soffa Industries by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 3,476,131 shares of the semiconductor company’s stock worth $114,643,000 after purchasing an additional 197,619 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Kulicke and Soffa Industries by 6.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,699,897 shares of the semiconductor company’s stock valued at $89,043,000 after purchasing an additional 156,144 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Kulicke and Soffa Industries by 10.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,938,904 shares of the semiconductor company’s stock worth $63,945,000 after buying an additional 176,792 shares in the last quarter. Royce & Associates LP grew its stake in shares of Kulicke and Soffa Industries by 16.0% in the first quarter. Royce & Associates LP now owns 1,351,392 shares of the semiconductor company’s stock valued at $44,569,000 after acquiring an additional 185,964 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Kulicke and Soffa Industries by 14.9% in the first quarter. Ameriprise Financial Inc. now owns 1,146,518 shares of the semiconductor company’s stock valued at $37,813,000 after acquiring an additional 148,793 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following the transaction, the senior vice president directly owned 147,533 shares in the company, valued at approximately $5,469,048.31. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Kulicke and Soffa Industries Stock Down 1.9%

NASDAQ KLIC opened at $40.34 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08. The company has a market cap of $2.10 billion, a PE ratio of 504.25 and a beta of 1.57. The firm’s 50-day simple moving average is $37.78 and its two-hundred day simple moving average is $34.87.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The firm had revenue of $148.41 million for the quarter, compared to the consensus estimate of $145.48 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. As a group, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 18th. Kulicke and Soffa Industries’s dividend payout ratio is 1,025.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KLIC. TD Cowen raised their price target on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Saturday, September 27th. Finally, Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

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.