State of Wyoming reduced its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 83.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,771 shares of the semiconductor company’s stock after selling 8,748 shares during the quarter. State of Wyoming’s holdings in Kulicke and Soffa Industries were worth $72,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Kulicke and Soffa Industries by 10.0% in the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock worth $2,118,000 after acquiring an additional 5,836 shares during the period. AQR Capital Management LLC increased its stake in shares of Kulicke and Soffa Industries by 168.8% during the 1st quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after purchasing an additional 31,048 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kulicke and Soffa Industries by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kulicke and Soffa Industries by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock worth $5,140,000 after purchasing an additional 11,522 shares during the period. Finally, Jane Street Group LLC lifted its stake in Kulicke and Soffa Industries by 55.7% in the first quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock valued at $2,206,000 after purchasing an additional 23,923 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Stock Performance
NASDAQ:KLIC opened at $71.62 on Friday. The business’s fifty day moving average is $54.98 and its 200 day moving average is $44.64. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of -59.19 and a beta of 1.67. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $77.50.
Kulicke and Soffa Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Thursday, December 18th were paid a $0.205 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.82 annualized dividend and a yield of 1.1%. Kulicke and Soffa Industries’s dividend payout ratio is currently -67.77%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. B. Riley Financial reissued a “neutral” rating and set a $39.00 price objective (up from $35.00) on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. DA Davidson reiterated a “buy” rating and set a $55.00 price target on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings cut Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.50.
Read Our Latest Research Report on KLIC
Insider Buying and Selling at Kulicke and Soffa Industries
In other news, General Counsel Zi Yao Lim sold 1,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $71.54, for a total transaction of $71,540.00. Following the completion of the transaction, the general counsel directly owned 22,714 shares in the company, valued at $1,624,959.56. The trade was a 4.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert Nestor Chylak sold 7,098 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $73.28, for a total value of $520,141.44. Following the completion of the sale, the senior vice president owned 22,987 shares in the company, valued at $1,684,487.36. This trade represents a 23.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 84,102 shares of company stock valued at $5,022,136 in the last three months. Company insiders own 1.20% 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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