Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 68.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,762,112 shares of the semiconductor company's stock after acquiring 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KLIC. Tower Research Capital LLC TRC increased its holdings in shares of Kulicke and Soffa Industries by 9.3% in the 4th 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. Signaturefd LLC increased its stake in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Kulicke and Soffa Industries by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock valued at $2,333,000 after purchasing an additional 298 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Kulicke and Soffa Industries by 6.5% during the fourth quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company's stock worth $260,000 after purchasing an additional 341 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Kulicke and Soffa Industries by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company's stock worth $1,695,000 after buying an additional 371 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock traded down $0.15 during trading on Monday, hitting $33.07. 86,258 shares of the stock were exchanged, compared to its average volume of 544,181. The stock has a market cap of $1.77 billion, a PE ratio of 275.58 and a beta of 1.50. The stock's fifty day moving average is $33.43 and its 200 day moving average is $41.66. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 EPS 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%. Sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.48%. Kulicke and Soffa Industries's payout ratio is 683.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KLIC shares. Needham & Company LLC reaffirmed 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 report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.25.

Kulicke and Soffa Industries 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.