Kulicke and Soffa Industries, Inc. $KLIC Holdings Boosted by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 133.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,202 shares of the semiconductor company’s stock after purchasing an additional 25,833 shares during the period. Van Berkom & Associates Inc.’s holdings in Kulicke and Soffa Industries were worth $4,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KLIC. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Kulicke and Soffa Industries by 12.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 877 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 98 shares during the period. Smith Group Asset Management LLC raised its position in shares of Kulicke and Soffa Industries by 1.7% during the third quarter. Smith Group Asset Management LLC now owns 10,143 shares of the semiconductor company’s stock valued at $956,000 after buying an additional 169 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Kulicke and Soffa Industries by 23.6% in the second quarter. Allworth Financial LP now owns 965 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 184 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Kulicke and Soffa Industries in the second quarter valued at about $28,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Kulicke and Soffa Industries by 0.4% in the third quarter. Commonwealth Equity Services LLC now owns 54,970 shares of the semiconductor company’s stock valued at $5,181,000 after buying an additional 225 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KLIC shares. Needham & Company LLC lifted their target price on 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, November 4th. 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. Finally, Zacks Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.00.

Kulicke and Soffa Industries Trading Up 7.7%

KLIC stock opened at $68.97 on Tuesday. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.02 and a 1-year high of $135.80. The business’s 50 day moving average is $82.74 and its 200-day moving average is $86.46. The firm has a market cap of $3.61 billion, a P/E ratio of 29.76 and a beta of 1.65.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 17th were paid a $0.2050 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.82 annualized dividend and a yield of 1.2%. 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.

Kulicke and Soffa serves customers around the world through its international operations and support network.