Total Wealth Planning & Management Inc. bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 21,288 shares of the semiconductor company’s stock, valued at approximately $970,000.
A number of other institutional investors and hedge funds have also modified their holdings of KLIC. Royal Bank of Canada raised its stake in shares of Kulicke and Soffa Industries by 10.0% during the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock worth $2,118,000 after buying an additional 5,836 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Kulicke and Soffa Industries by 168.8% during the first quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 31,048 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kulicke and Soffa Industries by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kulicke and Soffa Industries by 8.0% during the first 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 buying an additional 11,522 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Kulicke and Soffa Industries by 55.7% during the first quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock worth $2,206,000 after buying an additional 23,923 shares during the last quarter. 98.22% of the stock is owned by institutional investors.
Kulicke and Soffa Industries Stock Performance
Shares of NASDAQ:KLIC opened at $107.67 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $31.32 and a 52 week high of $110.78. The company has a market capitalization of $5.63 billion, a PE ratio of 103.52 and a beta of 1.70. The company has a 50 day moving average price of $87.98 and a two-hundred day moving average price of $67.67.
Kulicke and Soffa Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Thursday, June 18th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio is presently 78.85%.
Insider Activity at Kulicke and Soffa Industries
In other Kulicke and Soffa Industries news, General Counsel Zi Yao Lim sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $102.98, for a total value of $154,470.00. Following the completion of the sale, the general counsel owned 21,214 shares of the company’s stock, valued at approximately $2,184,617.72. This represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mui Sung Yeo sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director directly owned 59,197 shares of the company’s stock, valued at $5,919,700. The trade was a 25.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings raised shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and an average target price of $59.25.
View Our Latest Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Company 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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