Tairen Capital Ltd bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 62,786 shares of the semiconductor company’s stock, valued at approximately $8,398,000. Kulicke and Soffa Industries makes up approximately 0.7% of Tairen Capital Ltd’s investment portfolio, making the stock its 24th biggest position. Tairen Capital Ltd owned approximately 0.12% of Kulicke and Soffa Industries at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Kulicke and Soffa Industries by 10.0% during the first quarter. Royal Bank of Canada now owns 64,220 shares of the semiconductor company’s stock worth $2,118,000 after buying an additional 5,836 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 168.8% during the first quarter. AQR Capital Management LLC now owns 49,445 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 31,048 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kulicke and Soffa Industries by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kulicke and Soffa Industries by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company’s stock valued at $5,140,000 after acquiring an additional 11,522 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Kulicke and Soffa Industries by 55.7% in the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company’s stock worth $2,206,000 after acquiring an additional 23,923 shares in the last quarter. 98.22% of the stock is owned by institutional investors.
Kulicke and Soffa Industries Stock Performance
NASDAQ:KLIC opened at $85.75 on Monday. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.02 and a 1-year high of $135.80. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 39.52 and a beta of 1.67. The business’s 50-day moving average price is $105.75 and its two-hundred day moving average price is $89.82.
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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 37.79%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on KLIC shares. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research note on Friday, August 7th. Needham & Company LLC upped their price target on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Zacks Research raised shares of Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.67.
Check Out Our Latest Stock Analysis on Kulicke and Soffa Industries
Insider Activity at Kulicke and Soffa Industries
In other Kulicke and Soffa Industries news, Director Peter T. M. Kong sold 1,551 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $110.00, for a total value of $170,610.00. Following the sale, the director owned 100,009 shares in the company, valued at approximately $11,000,990. The trade was a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lester A. Wong sold 60,000 shares of the business’s 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 completion of the sale, the chief executive officer owned 50,743 shares in the company, valued at $6,175,930.53. The trade was a 54.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 76,551 shares of company stock valued at $9,179,010. 1.20% of the stock is owned by insiders.
Kulicke and Soffa Industries Profile
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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