State of New Jersey Common Pension Fund D Grows Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

State of New Jersey Common Pension Fund D grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,812 shares of the semiconductor company’s stock after purchasing an additional 3,260 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of Kulicke and Soffa Industries worth $2,780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KLIC. Victory Capital Management Inc. lifted its stake in Kulicke and Soffa Industries by 31.6% in the third quarter. Victory Capital Management Inc. now owns 2,903,559 shares of the semiconductor company’s stock worth $141,200,000 after acquiring an additional 697,496 shares during the period. Invesco Ltd. lifted its stake in Kulicke and Soffa Industries by 102.6% in the third quarter. Invesco Ltd. now owns 673,859 shares of the semiconductor company’s stock worth $32,770,000 after acquiring an additional 341,300 shares during the period. American Century Companies Inc. lifted its stake in Kulicke and Soffa Industries by 9.8% in the third quarter. American Century Companies Inc. now owns 2,821,598 shares of the semiconductor company’s stock worth $137,214,000 after acquiring an additional 251,773 shares during the period. Ceredex Value Advisors LLC purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth $9,215,000. Finally, Vanguard Group Inc. lifted its stake in Kulicke and Soffa Industries by 6.4% in the third quarter. Vanguard Group Inc. now owns 2,670,432 shares of the semiconductor company’s stock worth $129,863,000 after acquiring an additional 159,483 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Insider Activity

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 24,240 shares in the company, valued at $1,187,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

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

Kulicke and Soffa Industries Trading Up 0.3 %

Shares of Kulicke and Soffa Industries stock opened at $47.16 on Tuesday. The firm has a market capitalization of $2.66 billion, a P/E ratio of 52.40 and a beta of 1.47. The business has a fifty day simple moving average of $48.41 and a two-hundred day simple moving average of $49.25. Kulicke and Soffa Industries, Inc. has a 12 month low of $40.20 and a 12 month high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $171.19 million during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.37 earnings per share. Analysts predict that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.70%. Kulicke and Soffa Industries’s payout ratio is presently 88.89%.

About Kulicke and Soffa Industries

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.