Public Sector Pension Investment Board lifted its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,406 shares of the semiconductor company’s stock after purchasing an additional 23,482 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Kulicke and Soffa Industries worth $8,266,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in Kulicke and Soffa Industries by 21.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock worth $81,241,000 after acquiring an additional 409,116 shares in the last quarter. American Century Companies Inc. raised its position in shares of Kulicke and Soffa Industries by 20.4% during the second quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company’s stock worth $80,043,000 after purchasing an additional 392,691 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Kulicke and Soffa Industries by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,280,025 shares of the semiconductor company’s stock valued at $44,295,000 after purchasing an additional 10,722 shares in the last quarter. Invesco Ltd. grew its position in shares of Kulicke and Soffa Industries by 5.5% in the 2nd quarter. Invesco Ltd. now owns 718,632 shares of the semiconductor company’s stock valued at $24,865,000 after purchasing an additional 37,225 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Kulicke and Soffa Industries by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 445,483 shares of the semiconductor company’s stock worth $15,414,000 after purchasing an additional 7,088 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Stock Performance
NASDAQ:KLIC opened at $71.77 on Wednesday. The stock’s 50-day simple moving average is $55.90 and its 200 day simple moving average is $45.34. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $77.50. The company has a market cap of $3.76 billion, a P/E ratio of -59.31 and a beta of 1.67.
Kulicke and Soffa Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Thursday, December 18th were paid a $0.205 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.82 dividend on an annualized basis and a yield of 1.1%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -67.77%.
Analyst Ratings Changes
Several research analysts have recently weighed in on KLIC shares. B. Riley Financial reiterated a “neutral” rating and issued a $39.00 price target (up previously from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Zacks Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Needham & Company LLC boosted their price target on Kulicke and Soffa Industries from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings cut Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries has an average rating of “Hold” and a consensus price target of $50.50.
Read Our Latest Research Report on KLIC
Insider Activity
In related news, General Counsel Zi Yao Lim sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $71.54, for a total transaction of $71,540.00. Following the transaction, the general counsel directly owned 22,714 shares of the company’s stock, valued at approximately $1,624,959.56. The trade was a 4.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Nestor Chylak sold 7,098 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $73.28, for a total value of $520,141.44. Following the completion of the sale, the senior vice president owned 22,987 shares in the company, valued at approximately $1,684,487.36. This trade represents a 23.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 103,245 shares of company stock worth $6,400,049. Insiders own 1.20% of the company’s stock.
Kulicke and Soffa Industries Profile
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
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