Harbor Capital Advisors Inc. Has $1.59 Million Stock Position in Kulicke and Soffa Industries, Inc. $KLIC

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

A number of other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Kulicke and Soffa Industries by 789.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company's stock valued at $32,000 after buying an additional 821 shares during the period. Menard Financial Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at $54,000. Fifth Third Bancorp grew its holdings in shares of Kulicke and Soffa Industries by 99.7% in the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after buying an additional 606 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Kulicke and Soffa Industries by 280.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 910 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in Kulicke and Soffa Industries by 1,763.5% in the 1st quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 1,305 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Needham & Company LLC boosted their price objective on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $44.33.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the business's 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Price Performance

NASDAQ:KLIC traded down $1.04 on Friday, hitting $41.99. 1,140,058 shares of the company's stock were exchanged, compared to its average volume of 522,139. The firm has a 50-day moving average price of $36.54 and a 200-day moving average price of $34.55. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08. The company has a market cap of $2.19 billion, a P/E ratio of 524.88 and a beta of 1.57.

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

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.205 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.0%. Kulicke and Soffa Industries's payout ratio is currently 1,025.00%.

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.