Keybank National Association OH Lowers Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Keybank National Association OH decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,295 shares of the semiconductor company’s stock after selling 655 shares during the quarter. Keybank National Association OH’s holdings in Kulicke and Soffa Industries were worth $480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its stake in shares of Kulicke and Soffa Industries by 20.3% in the 3rd quarter. Royce & Associates LP now owns 1,111,312 shares of the semiconductor company’s stock valued at $50,154,000 after purchasing an additional 187,673 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at about $4,062,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Kulicke and Soffa Industries by 105.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,079 shares of the semiconductor company’s stock valued at $6,593,000 after purchasing an additional 75,043 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in Kulicke and Soffa Industries by 16.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company’s stock worth $24,768,000 after acquiring an additional 74,920 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in Kulicke and Soffa Industries by 59.7% during the 3rd quarter. Systematic Financial Management LP now owns 140,269 shares of the semiconductor company’s stock worth $6,330,000 after acquiring an additional 52,419 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Up 1.8 %

Shares of KLIC opened at $38.05 on Monday. The business’s 50 day moving average is $43.34 and its two-hundred day moving average is $44.64. Kulicke and Soffa Industries, Inc. has a 52-week low of $36.13 and a 52-week high of $53.71. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 317.08 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries declared that its Board of Directors has initiated a share buyback program on Wednesday, November 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the semiconductor company to buy up to 11.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.16%. Kulicke and Soffa Industries’s payout ratio is currently 683.33%.

Analyst Ratings Changes

Several equities analysts recently commented on KLIC shares. TD Cowen boosted their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. DA Davidson reduced their price target on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Finally, StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

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.