Victory Capital Management Inc. boosted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,699,897 shares of the semiconductor company's stock after acquiring an additional 156,144 shares during the quarter. Victory Capital Management Inc. owned 5.06% of Kulicke and Soffa Industries worth $89,043,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth about $37,000. Fifth Third Bancorp increased its stake in shares of Kulicke and Soffa Industries by 99.7% during the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 606 shares during the last quarter. Signaturefd LLC increased its stake in shares of Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 278 shares during the last quarter. Menard Financial Group LLC acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth about $54,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 371 shares during the last quarter. 98.22% of the stock is owned by institutional investors.
Kulicke and Soffa Industries Stock Down 1.3%
Shares of NASDAQ:KLIC traded down $0.48 during midday trading on Friday, reaching $35.42. The company's stock had a trading volume of 344,858 shares, compared to its average volume of 578,795. The firm has a 50 day moving average of $34.38 and a 200-day moving average of $36.70. The firm has a market capitalization of $1.87 billion, a P/E ratio of 98.39 and a beta of 1.54. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $52.08.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The business had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. During the same period in the prior year, the company earned ($0.95) earnings per share. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.
Kulicke and Soffa Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio is currently 227.78%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Needham & Company LLC cut their price objective on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Cowen cut their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Finally, DA Davidson cut their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and an average target price of $44.50.
Read Our Latest Research Report on KLIC
About Kulicke and Soffa Industries
(
Free Report)
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.
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