Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLICFree Report) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 221,133 shares of the semiconductor company’s stock after purchasing an additional 19,300 shares during the period. New York State Common Retirement Fund owned approximately 0.39% of Kulicke and Soffa Industries worth $10,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Metis Global Partners LLC acquired a new stake in Kulicke and Soffa Industries during the third quarter valued at approximately $337,000. Van Berkom & Associates Inc. lifted its stake in Kulicke and Soffa Industries by 4.1% during the third quarter. Van Berkom & Associates Inc. now owns 23,764 shares of the semiconductor company’s stock valued at $1,156,000 after purchasing an additional 945 shares during the last quarter. Jump Financial LLC lifted its stake in Kulicke and Soffa Industries by 233.7% during the third quarter. Jump Financial LLC now owns 12,041 shares of the semiconductor company’s stock valued at $586,000 after purchasing an additional 8,433 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Kulicke and Soffa Industries in the 3rd quarter valued at approximately $1,602,000. Finally, Versor Investments LP lifted its position in shares of Kulicke and Soffa Industries by 96.7% in the 3rd quarter. Versor Investments LP now owns 17,207 shares of the semiconductor company’s stock valued at $837,000 after acquiring an additional 8,461 shares in the last quarter. 98.49% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $47.15 on Thursday. The firm has a market cap of $2.66 billion, a PE ratio of 52.39 and a beta of 1.50. The firm’s 50 day moving average price is $52.39 and its two-hundred day moving average price is $50.30. Kulicke and Soffa Industries, Inc. has a twelve month low of $40.20 and a twelve month high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLICGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Kulicke and Soffa Industries had a net margin of 7.03% and a return on equity of 8.55%. The firm had revenue of $171.19 million for the quarter, compared to analyst estimates of $170.00 million. During the same quarter in the prior year, the business earned $0.37 EPS. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.7 EPS for the current fiscal year.

Kulicke and Soffa Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.20 per share. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.70%. Kulicke and Soffa Industries’s dividend payout ratio is 88.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KLIC. Craig Hallum upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, November 17th. TheStreet downgraded shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Finally, B. Riley upped their price target on shares of Kulicke and Soffa Industries from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Get Our Latest Analysis on Kulicke and Soffa Industries

Insider Activity at Kulicke and Soffa Industries

In related news, CFO Lester A. Wong sold 55,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $55.51, for a total value of $3,053,050.00. Following the transaction, the chief financial officer now directly owns 121,702 shares in the company, valued at approximately $6,755,678.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Nelson Munpun Wong sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $51.94, for a total transaction of $519,400.00. Following the completion of the transaction, the senior vice president now directly owns 195,235 shares of the company’s stock, valued at approximately $10,140,505.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Lester A. Wong sold 55,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.51, for a total transaction of $3,053,050.00. Following the sale, the chief financial officer now owns 121,702 shares of the company’s stock, valued at approximately $6,755,678.02. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries 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.

Further Reading

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

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