Fulcrum Asset Management LLP Purchases 10,861 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Fulcrum Asset Management LLP grew its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 342.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,029 shares of the semiconductor company’s stock after acquiring an additional 10,861 shares during the period. Fulcrum Asset Management LLP’s holdings in Kulicke and Soffa Industries were worth $1,315,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Kulicke and Soffa Industries during the 2nd quarter worth $28,000. Covestor Ltd lifted its holdings in Kulicke and Soffa Industries by 690.9% during the third quarter. Covestor Ltd now owns 435 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 380 shares in the last quarter. Kilter Group LLC acquired a new position in Kulicke and Soffa Industries in the second quarter valued at about $42,000. USA Financial Formulas acquired a new position in Kulicke and Soffa Industries in the first quarter valued at about $44,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Kulicke and Soffa Industries by 2,774.2% in the first quarter. NewEdge Advisors LLC now owns 891 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 860 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KLIC shares. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 6th. B. Riley Financial decreased their price objective on Kulicke and Soffa Industries from $86.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, November 4th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

Kulicke and Soffa Industries Stock Up 5.0%

NASDAQ:KLIC opened at $73.20 on Thursday. Kulicke and Soffa Industries, Inc. has a twelve month low of $35.02 and a twelve month high of $135.80. The business has a 50 day moving average price of $82.43 and a two-hundred day moving average price of $86.59. The company has a market cap of $3.83 billion, a P/E ratio of 30.30 and a beta of 1.65.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th were given a $0.2050 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 17th. Kulicke and Soffa Industries’s payout ratio is currently 37.79%.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries develops and supplies equipment and services used to assemble and package semiconductor devices. Its offerings include ball and wedge wire bonders, die-attach and advanced-packaging equipment, as well as related tools, spare parts and support services. Founded in 1951, the company has a long history in semiconductor assembly technology. Its products serve manufacturers in markets including semiconductors, automotive electronics, communications, consumer electronics and industrial applications.