Raymond James & Associates Acquires 2,822 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Raymond James & Associates grew its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLICFree Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,787 shares of the semiconductor company’s stock after acquiring an additional 2,822 shares during the quarter. Raymond James & Associates owned about 0.06% of Kulicke and Soffa Industries worth $1,904,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Point72 Middle East FZE bought a new stake in Kulicke and Soffa Industries in the 4th quarter worth approximately $65,000. First Horizon Advisors Inc. lifted its position in Kulicke and Soffa Industries by 37.7% in the 1st quarter. First Horizon Advisors Inc. now owns 1,259 shares of the semiconductor company’s stock worth $66,000 after buying an additional 345 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Kulicke and Soffa Industries in the 2nd quarter worth approximately $89,000. Lazard Asset Management LLC bought a new stake in Kulicke and Soffa Industries in the 3rd quarter worth approximately $164,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Kulicke and Soffa Industries by 10.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after buying an additional 353 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $46.09 on Thursday. The business’s 50 day simple moving average is $48.95 and its two-hundred day simple moving average is $49.30. The stock has a market capitalization of $2.60 billion, a P/E ratio of 51.21 and a beta of 1.47. Kulicke and Soffa Industries, Inc. has a one year low of $40.20 and a one year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLICGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $171.19 million for the quarter, compared to analysts’ expectations of $170.00 million. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. During the same period in the previous year, the firm earned $0.37 EPS. Sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 88.89%.

Insiders Place Their Bets

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the transaction, the senior vice president now directly owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet downgraded Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st.

Check Out Our Latest Analysis on Kulicke and Soffa Industries

Kulicke and Soffa Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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