Handelsbanken Fonder AB boosted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 37.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,274 shares of the semiconductor company’s stock after purchasing an additional 4,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kulicke and Soffa Industries were worth $805,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp raised its holdings in Kulicke and Soffa Industries by 9,350.0% in the first quarter. Toth Financial Advisory Corp now owns 9,450 shares of the semiconductor company’s stock worth $498,000 after purchasing an additional 9,350 shares in the last quarter. Auxano Advisors LLC bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at $208,000. Bank of Montreal Can increased its holdings in shares of Kulicke and Soffa Industries by 31.1% during the fourth quarter. Bank of Montreal Can now owns 7,527 shares of the semiconductor company’s stock valued at $370,000 after acquiring an additional 1,787 shares in the last quarter. Globeflex Capital L P increased its holdings in shares of Kulicke and Soffa Industries by 46.0% during the fourth quarter. Globeflex Capital L P now owns 170,312 shares of the semiconductor company’s stock valued at $7,538,000 after acquiring an additional 53,676 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Kulicke and Soffa Industries by 0.8% during the fourth quarter. Amalgamated Bank now owns 28,419 shares of the semiconductor company’s stock valued at $1,258,000 after acquiring an additional 221 shares in the last quarter. Institutional investors own 99.73% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on KLIC. StockNews.com began coverage on Kulicke and Soffa Industries in a report on Thursday, May 18th. They set a “hold” rating for the company. DA Davidson lifted their price objective on Kulicke and Soffa Industries from $60.00 to $70.00 in a report on Wednesday, June 21st. Finally, B. Riley lifted their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 in a report on Monday, July 17th.
Kulicke and Soffa Industries Stock Performance
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last announced its earnings results on Thursday, May 4th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. The business had revenue of $173.00 million for the quarter, compared to analysts’ expectations of $171.01 million. Kulicke and Soffa Industries had a return on equity of 20.08% and a net margin of 21.19%. The business’s revenue for the quarter was down 55.0% on a year-over-year basis. During the same period last year, the firm posted $1.95 earnings per share. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 1.53 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Thursday, June 22nd were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.33%. Kulicke and Soffa Industries’s payout ratio is currently 21.11%.
Insider Activity
In related news, VP Stephen Ray Drake sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $57.46, for a total value of $574,600.00. Following the transaction, the vice president now directly owns 24,858 shares of the company’s stock, valued at approximately $1,428,340.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kulicke and Soffa Industries news, VP Stephen Ray Drake sold 10,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $57.46, for a total value of $574,600.00. Following the sale, the vice president now owns 24,858 shares of the company’s stock, valued at approximately $1,428,340.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the senior vice president now directly owns 180,076 shares in the company, valued at approximately $10,804,560. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $1,474,600 in the last ninety days. Corporate insiders own 3.10% 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 two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.
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