Kulicke and Soffa Industries, Inc. $KLIC Stock: Van Berkom & Associates Inc. Grows Stake

Key Points

• Van Berkom & Associates increased its KLIC stake by 133.4% in the third quarter, adding 25,833 shares to reach 45,202 shares valued at about $4.26 million.
• Institutional investors and hedge funds own 98.22% of Kulicke and Soffa’s shares; several large investors also reported new or increased positions.
• Analysts’ consensus rating is Hold, with an average price target of $80. The company pays an annualized dividend of $0.82 per share, a yield of about 1.2%.

Van Berkom & Associates Inc. lifted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 133.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,202 shares of the semiconductor company's stock after purchasing an additional 25,833 shares during the period. Van Berkom & Associates Inc. owned 0.09% of Kulicke and Soffa Industries worth $4,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KLIC. BlackRock Inc. acquired a new stake in shares of Kulicke and Soffa Industries in the second quarter worth about $1,204,835,000. The Manufacturers Life Insurance Company acquired a new position in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $153,050,000. Bank of New York Mellon Corp acquired a new position in shares of Kulicke and Soffa Industries during the 2nd quarter valued at about $98,778,000. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Kulicke and Soffa Industries by 40.2% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 454,215 shares of the semiconductor company's stock valued at $42,810,000 after acquiring an additional 130,162 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of Kulicke and Soffa Industries by 83.3% in the 2nd quarter. Algert Global LLC now owns 319,794 shares of the semiconductor company's stock valued at $42,776,000 after acquiring an additional 145,302 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $68.97 on Tuesday. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.02 and a 52 week high of $135.80. The firm has a market capitalization of $3.61 billion, a PE ratio of 29.76 and a beta of 1.65. The business's 50-day simple moving average is $82.74 and its 200-day simple moving average is $86.46.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th were given a $0.2050 dividend. This represents a $0.82 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 17th. Kulicke and Soffa Industries's payout ratio is currently 37.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research downgraded Kulicke and Soffa Industries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. B. Riley Financial decreased their target price on Kulicke and Soffa Industries from $86.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kulicke and Soffa Industries in a research report on Wednesday, November 4th. Finally, Needham & Company LLC increased their price target on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.00.

About Kulicke and Soffa Industries

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.

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