International Assets Investment Management LLC Takes Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

International Assets Investment Management LLC purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,378 shares of the semiconductor company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KLIC. Blue Trust Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 224.6% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 465 shares during the period. Allspring Global Investments Holdings LLC raised its holdings 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 purchasing an additional 353 shares during the period. Atlas Brown Inc. bought a new position in Kulicke and Soffa Industries in the 4th quarter worth $211,000. AlphaMark Advisors LLC bought a new position in Kulicke and Soffa Industries in the 3rd quarter worth $218,000. Finally, Verdence Capital Advisors LLC raised its holdings in Kulicke and Soffa Industries by 5.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 285 shares during the period. 98.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $47.02 on Friday. Kulicke and Soffa Industries, Inc. has a one year low of $40.20 and a one year high of $60.20. The stock’s fifty day moving average is $48.48 and its 200 day moving average is $49.23. The stock has a market cap of $2.65 billion, a P/E ratio of 52.25 and a beta of 1.47.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its 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. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. The company had revenue of $171.19 million for the quarter, compared to analysts’ expectations of $170.00 million. During the same period last year, the firm earned $0.37 EPS. Analysts predict that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm 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 was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. Kulicke and Soffa Industries’s payout ratio is presently 88.89%.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the sale, the senior vice president now owns 24,240 shares in the company, valued at approximately $1,187,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries Profile

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.