Copeland Capital Management LLC Has $56.94 Million Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Copeland Capital Management LLC boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 14.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,645,508 shares of the semiconductor company’s stock after acquiring an additional 207,899 shares during the period. Copeland Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $56,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Kulicke and Soffa Industries by 6.0% during the first quarter. Vanguard Group Inc. now owns 3,476,131 shares of the semiconductor company’s stock worth $114,643,000 after purchasing an additional 197,619 shares during the period. Victory Capital Management Inc. grew its stake in Kulicke and Soffa Industries by 6.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,699,897 shares of the semiconductor company’s stock valued at $89,043,000 after buying an additional 156,144 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Kulicke and Soffa Industries by 10.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,938,904 shares of the semiconductor company’s stock worth $63,945,000 after purchasing an additional 176,792 shares during the period. Royce & Associates LP lifted its holdings in shares of Kulicke and Soffa Industries by 16.0% during the first quarter. Royce & Associates LP now owns 1,351,392 shares of the semiconductor company’s stock worth $44,569,000 after buying an additional 185,964 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Kulicke and Soffa Industries by 14.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,146,518 shares of the semiconductor company’s stock worth $37,813,000 after purchasing an additional 148,793 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KLIC shares. Needham & Company LLC raised their target price on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 7th. TD Cowen upped their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Kulicke and Soffa Industries Stock Performance

NASDAQ:KLIC opened at $41.12 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08. The firm’s fifty day moving average is $37.65 and its 200-day moving average is $34.85. The firm has a market cap of $2.14 billion, a P/E ratio of 514.00 and a beta of 1.57.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The business had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was down 18.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.82 annualized dividend and a yield of 2.0%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 1,025.00%.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total value of $1,112,100.00. Following the transaction, the senior vice president directly owned 147,533 shares of the company’s stock, valued at approximately $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.40% of the company’s stock.

Kulicke and Soffa Industries Company 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.