Kulicke and Soffa Industries, Inc. $KLIC Stock Bought by Virtus Advisers LLC

Virtus Advisers LLC raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 267.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,979 shares of the semiconductor company’s stock after acquiring an additional 11,633 shares during the period. Virtus Advisers LLC’s holdings in Kulicke and Soffa Industries were worth $1,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in Kulicke and Soffa Industries in the 2nd quarter worth $32,721,000. Counterpoint Mutual Funds LLC boosted its holdings in shares of Kulicke and Soffa Industries by 1,261.7% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 116,536 shares of the semiconductor company’s stock valued at $10,984,000 after purchasing an additional 107,978 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Kulicke and Soffa Industries during the second quarter valued at about $3,174,000. Wellington Management Group LLP purchased a new position in shares of Kulicke and Soffa Industries during the second quarter valued at about $26,086,000. Finally, HighTower Advisors LLC grew its position in shares of Kulicke and Soffa Industries by 362.7% during the second quarter. HighTower Advisors LLC now owns 37,484 shares of the semiconductor company’s stock valued at $5,014,000 after purchasing an additional 29,383 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Trading Down 4.6%

KLIC traded down $3.35 during trading hours on Friday, hitting $69.07. The company’s stock had a trading volume of 697,919 shares, compared to its average volume of 694,490. The business’s 50-day moving average price is $82.11 and its 200-day moving average price is $86.72. Kulicke and Soffa Industries, Inc. has a 12 month low of $35.02 and a 12 month high of $135.80. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 31.83 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. Shareholders of record on Thursday, September 17th were given a dividend of $0.2050 per share. The ex-dividend date was Thursday, September 17th. This represents a $0.82 annualized dividend and a yield of 1.2%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 37.79%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KLIC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, November 4th. Zacks Research lowered Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. B. Riley Financial cut their price target on Kulicke and Soffa Industries from $86.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 9th. Finally, Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.00.

Kulicke and Soffa Industries Company 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.