Kulicke and Soffa Industries, Inc. $KLIC Stake Lifted by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. increased its holdings in Kulicke and Soffa Industries by 21.0%, acquiring an additional 7,974 shares to bring its total to 45,945 shares, valued at $1,590,000.
• Insider selling occurred as SVP Nelson Munpun Wong sold 30,000 shares on August 12th at an average price of $37.07, reducing his ownership by 16.90%.
• Kulicke and Soffa Industries announced a quarterly dividend of $0.205 per share, with an annualized yield of 1.9%, set to be paid on October 7th.

Harbor Capital Advisors Inc. grew its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 21.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,945 shares of the semiconductor company's stock after purchasing an additional 7,974 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.09% of Kulicke and Soffa Industries worth $1,590,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Kulicke and Soffa Industries by 3,534.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 461,555 shares of the semiconductor company's stock worth $15,222,000 after purchasing an additional 448,856 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Kulicke and Soffa Industries by 188.4% during the first quarter. Invesco Ltd. now owns 681,407 shares of the semiconductor company's stock worth $22,473,000 after purchasing an additional 445,148 shares during the period. Woodline Partners LP raised its holdings in shares of Kulicke and Soffa Industries by 1,401.7% during the first quarter. Woodline Partners LP now owns 438,667 shares of the semiconductor company's stock worth $14,467,000 after purchasing an additional 409,456 shares during the period. Edgestream Partners L.P. bought a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth about $7,064,000. Finally, Financial Harvest LLC acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter valued at about $6,839,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KLIC. TD Cowen increased their price objective on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Needham & Company LLC upped their target price on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.33.

Kulicke and Soffa Industries Stock Up 2.3%

NASDAQ KLIC traded up $0.95 on Monday, hitting $42.94. The stock had a trading volume of 438,248 shares, compared to its average volume of 561,152. The company's 50-day moving average is $36.69 and its two-hundred day moving average is $34.55. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 536.75 and a beta of 1.56.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The company had revenue of $148.41 million for the quarter, compared to analysts' expectations of $145.48 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business's revenue for the quarter was down 18.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 18th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.9%. Kulicke and Soffa Industries's dividend payout ratio is presently 1,025.00%.

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the sale, the senior vice president directly owned 147,533 shares in the company, valued at $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.40% 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 four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.