Kulicke and Soffa Industries Inc. (KLIC) Position Cut by Legal & General Group Plc

Legal & General Group Plc decreased its position in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,868 shares of the semiconductor company’s stock after selling 889 shares during the period. Legal & General Group Plc owned approximately 0.22% of Kulicke and Soffa Industries worth $2,984,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Kulicke and Soffa Industries by 1.9% in the third quarter. BlackRock Inc. now owns 6,571,120 shares of the semiconductor company’s stock valued at $156,655,000 after buying an additional 120,683 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Kulicke and Soffa Industries by 41.6% during the fourth quarter. Principal Financial Group Inc. now owns 4,183,080 shares of the semiconductor company’s stock valued at $84,791,000 after purchasing an additional 1,228,277 shares during the period. Vanguard Group Inc raised its holdings in shares of Kulicke and Soffa Industries by 4.6% during the third quarter. Vanguard Group Inc now owns 2,627,461 shares of the semiconductor company’s stock valued at $62,639,000 after purchasing an additional 115,016 shares during the period. Vanguard Group Inc. raised its holdings in shares of Kulicke and Soffa Industries by 4.6% during the third quarter. Vanguard Group Inc. now owns 2,627,461 shares of the semiconductor company’s stock valued at $62,639,000 after purchasing an additional 115,016 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Kulicke and Soffa Industries by 3.0% during the third quarter. Renaissance Technologies LLC now owns 1,614,828 shares of the semiconductor company’s stock valued at $38,497,000 after purchasing an additional 46,928 shares during the period. Institutional investors and hedge funds own 89.18% of the company’s stock.

Shares of NASDAQ KLIC opened at $23.80 on Tuesday. Kulicke and Soffa Industries Inc. has a 1-year low of $17.40 and a 1-year high of $28.69. The stock has a market cap of $1.58 billion, a PE ratio of 11.21, a P/E/G ratio of 2.36 and a beta of 1.15. The company has a current ratio of 6.58, a quick ratio of 5.81 and a debt-to-equity ratio of 0.02.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, January 31st. The semiconductor company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. Kulicke and Soffa Industries had a net margin of 16.06% and a return on equity of 16.99%. The firm had revenue of $157.21 million for the quarter, compared to analyst estimates of $155.00 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities analysts anticipate that Kulicke and Soffa Industries Inc. will post 0.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.02%. Kulicke and Soffa Industries’s dividend payout ratio is currently 19.75%.

Kulicke and Soffa Industries announced that its board has approved a stock repurchase program on Thursday, January 31st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

KLIC has been the topic of several research reports. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. ValuEngine lowered shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, Cowen reiterated a “hold” rating and set a $22.00 price objective on shares of Kulicke and Soffa Industries in a report on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Kulicke and Soffa Industries currently has an average rating of “Hold” and an average target price of $28.40.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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