Envestnet Asset Management Inc. Acquires 38,833 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Envestnet Asset Management Inc. boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,480 shares of the semiconductor company’s stock after acquiring an additional 38,833 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kulicke and Soffa Industries were worth $7,110,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Kulicke and Soffa Industries by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 3,476,131 shares of the semiconductor company’s stock valued at $114,643,000 after acquiring an additional 197,619 shares during the last quarter. Victory Capital Management Inc. raised its stake in Kulicke and Soffa Industries by 6.1% in the first quarter. Victory Capital Management Inc. now owns 2,699,897 shares of the semiconductor company’s stock valued at $89,043,000 after purchasing an additional 156,144 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Kulicke and Soffa Industries by 10.0% during the first quarter. The Manufacturers Life Insurance Company now owns 1,938,904 shares of the semiconductor company’s stock valued at $63,945,000 after purchasing an additional 176,792 shares during the last quarter. Copeland Capital Management LLC grew its stake in Kulicke and Soffa Industries by 14.5% in the 2nd quarter. Copeland Capital Management LLC now owns 1,645,508 shares of the semiconductor company’s stock worth $56,935,000 after buying an additional 207,899 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Kulicke and Soffa Industries by 16.0% in the 1st quarter. Royce & Associates LP now owns 1,351,392 shares of the semiconductor company’s stock worth $44,569,000 after buying an additional 185,964 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KLIC shares. Weiss Ratings raised shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. TD Cowen lifted their price target on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. B. Riley upped their price objective on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of “Hold” and a consensus target price of $42.00.

Kulicke and Soffa Industries Trading Down 1.4%

KLIC opened at $38.65 on Wednesday. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $52.08. The business’s 50-day moving average price is $39.93 and its 200-day moving average price is $36.45. The company has a market cap of $2.02 billion, a P/E ratio of 483.13 and a beta of 1.64.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Kulicke and Soffa Industries’s payout ratio is 1,025.00%.

Kulicke and Soffa Industries Company 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.