State of Alaska Department of Revenue Increases Stock Position in Kulicke and Soffa Industries, Inc. $KLIC

State of Alaska Department of Revenue raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,419 shares of the semiconductor company’s stock after buying an additional 1,840 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Kulicke and Soffa Industries worth $1,086,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Kulicke and Soffa Industries by 7.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,776 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 527 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Kulicke and Soffa Industries by 1.9% in the first quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company’s stock valued at $945,000 after purchasing an additional 534 shares during the period. Fifth Third Bancorp increased its position in shares of Kulicke and Soffa Industries by 99.7% in the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 606 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Kulicke and Soffa Industries by 789.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock worth $32,000 after buying an additional 821 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kulicke and Soffa Industries by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 877 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total value of $1,112,100.00. Following the completion of the sale, the senior vice president directly owned 147,533 shares of the company’s stock, valued at approximately $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Saturday, September 27th. TD Cowen boosted their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Finally, Needham & Company LLC upped their price target on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $40.34 on Monday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 504.25 and a beta of 1.57. The firm’s 50-day moving average is $37.78 and its two-hundred day moving average is $34.86. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month 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 (EPS) for the quarter, beating 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 business had revenue of $148.41 million for the quarter, compared to the consensus estimate of $145.48 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue was down 18.3% on a year-over-year basis. As a group, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

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

About Kulicke and Soffa Industries

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.