Fort Washington Investment Advisors Inc. OH bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 431,392 shares of the semiconductor company’s stock, valued at approximately $17,532,000.
Several other hedge funds have also recently modified their holdings of KLIC. Woodline Partners LP increased its stake in Kulicke and Soffa Industries by 1,401.7% in the 1st quarter. Woodline Partners LP now owns 438,667 shares of the semiconductor company’s stock valued at $14,467,000 after buying an additional 409,456 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Kulicke and Soffa Industries by 21.1% in the second quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock valued at $81,241,000 after acquiring an additional 409,116 shares in the last quarter. American Century Companies Inc. increased its stake 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 acquiring an additional 392,691 shares during the period. AQR Capital Management LLC increased its stake in shares of Kulicke and Soffa Industries by 549.8% during the second quarter. AQR Capital Management LLC now owns 321,313 shares of the semiconductor company’s stock worth $11,117,000 after acquiring an additional 271,868 shares during the period. Finally, Copeland Capital Management LLC raised its holdings in Kulicke and Soffa Industries by 14.5% during the second quarter. Copeland Capital Management LLC now owns 1,645,508 shares of the semiconductor company’s stock worth $56,935,000 after purchasing an additional 207,899 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.
Kulicke and Soffa Industries Price Performance
NASDAQ KLIC opened at $46.38 on Wednesday. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $50.19. The company has a market capitalization of $2.43 billion, a P/E ratio of -2,317.84 and a beta of 1.63. The business has a 50 day moving average price of $42.95 and a 200 day moving average price of $39.26.
Kulicke and Soffa Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Thursday, December 18th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, December 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -4,100.00%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Monday. B. Riley restated a “neutral” rating and issued a $39.00 price target (up from $35.00) on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. DA Davidson reaffirmed a “buy” rating and set a $55.00 price objective on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Wall Street Zen upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.
Check Out Our Latest Stock Analysis on Kulicke and Soffa Industries
Insider Activity
In other news, SVP Nelson Munpun Wong sold 5,004 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $50.07, for a total value of $250,550.28. Following the sale, the senior vice president directly owned 156,369 shares in the company, valued at $7,829,395.83. This represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the general counsel owned 23,714 shares of the company’s stock, valued at $1,067,130. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.40% 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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