Rhumbline Advisers decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,699 shares of the semiconductor company’s stock after selling 9,266 shares during the quarter. Rhumbline Advisers owned about 0.29% of Kulicke and Soffa Industries worth $6,246,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. True Wealth Design LLC raised its holdings in Kulicke and Soffa Industries by 7,609.1% in the 2nd quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 837 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 933 shares during the period. Federated Hermes Inc. raised its stake in Kulicke and Soffa Industries by 814.8% in the third quarter. Federated Hermes Inc. now owns 1,052 shares of the semiconductor company’s stock worth $43,000 after buying an additional 937 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Kulicke and Soffa Industries by 42.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,667 shares of the semiconductor company’s stock worth $68,000 after buying an additional 493 shares during the period. Finally, Covestor Ltd lifted its holdings in Kulicke and Soffa Industries by 57.3% in the third quarter. Covestor Ltd now owns 1,858 shares of the semiconductor company’s stock worth $76,000 after buying an additional 677 shares during the period. Institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Trading Up 2.0%
Kulicke and Soffa Industries stock opened at $70.85 on Monday. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $77.50. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -58.55 and a beta of 1.67. The business’s fifty day simple moving average is $57.15 and its two-hundred day simple moving average is $46.13.
Kulicke and Soffa Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Thursday, December 18th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.2%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.77%.
Wall Street Analyst Weigh In
KLIC has been the topic of a number of research analyst reports. Wall Street Zen upgraded Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Needham & Company LLC upped their price target on Kulicke and Soffa Industries from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. DA Davidson reissued a “buy” rating and set a $55.00 price objective on shares of Kulicke and Soffa Industries in a research report on Friday, November 21st. Weiss Ratings cut shares of Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 6th. Finally, Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.50.
View Our Latest Stock Analysis on Kulicke and Soffa Industries
Insider Activity
In related news, SVP Nelson Munpun Wong sold 39,800 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $60.98, for a total value of $2,427,004.00. Following the transaction, the senior vice president directly owned 86,369 shares of the company’s stock, valued at approximately $5,266,781.62. This represents a 31.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction on Monday, February 9th. The stock was sold at an average price of $71.54, for a total value of $71,540.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 103,245 shares of company stock valued at $6,400,049 in the last quarter. 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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