Lazard Asset Management LLC purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 49,810 shares of the semiconductor company’s stock, valued at approximately $3,274,000.
Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth $26,000. Advisory Services Network LLC purchased a new stake in shares of Kulicke and Soffa Industries during the third quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Kulicke and Soffa Industries by 2,665.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 933 shares during the period. Finally, Salomon & Ludwin LLC boosted its position in shares of Kulicke and Soffa Industries by 48.4% in the 4th quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 254 shares during the period. Institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Stock Up 1.0%
NASDAQ:KLIC opened at $89.20 on Friday. Kulicke and Soffa Industries, Inc. has a 12 month low of $31.32 and a 12 month high of $135.80. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 85.77 and a beta of 1.62. The company’s 50 day moving average is $109.85 and its 200-day moving average is $86.02.
Kulicke and Soffa Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Thursday, June 18th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 78.85%.
Wall Street Analysts Forecast Growth
KLIC has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.25.
Check Out Our Latest Stock Report on KLIC
Insider Transactions at Kulicke and Soffa Industries
In other news, General Counsel Zi Yao Lim sold 1,500 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $102.98, for a total transaction of $154,470.00. Following the sale, the general counsel directly owned 21,214 shares in the company, valued at approximately $2,184,617.72. The trade was a 6.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lester A. Wong sold 60,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $121.71, for a total value of $7,302,600.00. Following the sale, the chief executive officer directly owned 50,743 shares in the company, valued at $6,175,930.53. The trade was a 54.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 98,051 shares of company stock valued at $11,333,480 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.
About Kulicke and Soffa Industries
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
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