WINTON GROUP Ltd reduced its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 61.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,298 shares of the semiconductor company’s stock after selling 14,714 shares during the period. WINTON GROUP Ltd’s holdings in Kulicke and Soffa Industries were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Kulicke and Soffa Industries during the second quarter valued at $302,000. NewEdge Advisors LLC boosted its position in Kulicke and Soffa Industries by 124.7% in the second quarter. NewEdge Advisors LLC now owns 2,002 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 1,111 shares during the last quarter. Allworth Financial LP grew its stake in shares of Kulicke and Soffa Industries by 23.6% during the 2nd quarter. Allworth Financial LP now owns 965 shares of the semiconductor company’s stock valued at $129,000 after purchasing an additional 184 shares during the period. Nykredit A S bought a new stake in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $298,000. Finally, Corient Private Wealth LP increased its position in shares of Kulicke and Soffa Industries by 70.2% during the 2nd quarter. Corient Private Wealth LP now owns 7,474 shares of the semiconductor company’s stock valued at $1,000,000 after purchasing an additional 3,082 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Price Performance
Shares of NASDAQ KLIC opened at $86.13 on Monday. The stock has a market cap of $4.51 billion, a PE ratio of 39.69 and a beta of 1.62. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.02 and a 1 year high of $135.80. The firm has a fifty day moving average price of $93.16 and a 200-day moving average price of $91.20.
Kulicke and Soffa Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a yield of 1.0%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 37.79%.
Insider Activity at Kulicke and Soffa Industries
In other news, CEO Lester Wong sold 60,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the transaction, the chief executive officer directly owned 50,743 shares in the company, valued at $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Finally, Needham & Company LLC increased their price target on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.67.
Read Our Latest Research Report on KLIC
Kulicke and Soffa Industries Profile
Kulicke and Soffa Industries, Ltd. develops and manufactures equipment and tools used in semiconductor and electronic assembly. Its solutions support the packaging, interconnection and assembly of integrated circuits, light-emitting diodes and other electronic components.
The company’s product portfolio includes wire bonding systems, wedge bonders, die attach equipment, advanced packaging systems and related consumables. Its technologies are used in applications such as automotive electronics, consumer electronics, communications, computing, power semiconductors and optoelectronics.
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