The Manufacturers Life Insurance Company increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 68.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,762,112 shares of the semiconductor company's stock after buying an additional 717,832 shares during the period. The Manufacturers Life Insurance Company owned 3.28% of Kulicke and Soffa Industries worth $82,220,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Boothbay Fund Management LLC purchased a new position in Kulicke and Soffa Industries in the 4th quarter worth approximately $529,000. Hsbc Holdings PLC grew its position in Kulicke and Soffa Industries by 299.9% in the fourth quarter. Hsbc Holdings PLC now owns 32,113 shares of the semiconductor company's stock worth $1,506,000 after acquiring an additional 24,083 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Kulicke and Soffa Industries by 9.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock valued at $139,000 after acquiring an additional 254 shares during the last quarter. Mirabella Financial Services LLP bought a new position in Kulicke and Soffa Industries in the fourth quarter valued at $1,401,000. Finally, MetLife Investment Management LLC raised its position in Kulicke and Soffa Industries by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 32,342 shares of the semiconductor company's stock valued at $1,509,000 after purchasing an additional 836 shares in the last quarter. Institutional investors own 98.22% of the company's stock.
Kulicke and Soffa Industries Stock Up 3.1 %
Shares of KLIC traded up $1.00 during trading hours on Friday, hitting $33.22. The company had a trading volume of 419,499 shares, compared to its average volume of 545,952. The firm has a market cap of $1.77 billion, a P/E ratio of 276.83 and a beta of 1.50. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The stock's 50 day moving average price is $33.43 and its 200 day moving average price is $41.71.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's payout ratio is 683.33%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and an average price target of $52.00.
Get Our Latest Analysis on KLIC
Kulicke and Soffa Industries Profile
(
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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