Systematic Financial Management LP decreased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 4.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 221,455 shares of the semiconductor company’s stock after selling 10,970 shares during the period. Systematic Financial Management LP’s holdings in Kulicke and Soffa Industries were worth $14,554,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in KLIC. Sei Investments Co. increased its stake in Kulicke and Soffa Industries by 70.7% in the first quarter. Sei Investments Co. now owns 221,358 shares of the semiconductor company’s stock valued at $14,547,000 after purchasing an additional 91,711 shares during the last quarter. Cetera Investment Advisers boosted its stake in Kulicke and Soffa Industries by 10.7% in the 1st quarter. Cetera Investment Advisers now owns 18,213 shares of the semiconductor company’s stock worth $1,197,000 after buying an additional 1,765 shares during the last quarter. Swiss National Bank boosted its stake in Kulicke and Soffa Industries by 0.8% in the 1st quarter. Swiss National Bank now owns 103,600 shares of the semiconductor company’s stock worth $6,809,000 after buying an additional 800 shares during the last quarter. Assetmark Inc. grew its holdings in Kulicke and Soffa Industries by 9.1% in the 1st quarter. Assetmark Inc. now owns 32,606 shares of the semiconductor company’s stock valued at $2,143,000 after buying an additional 2,717 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Kulicke and Soffa Industries in the 1st quarter valued at about $1,257,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Trading Down 4.5%
Shares of KLIC opened at $101.33 on Friday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 97.43 and a beta of 1.62. The stock’s fifty day simple moving average is $110.93 and its 200 day simple moving average is $84.75. Kulicke and Soffa Industries, Inc. has a twelve month low of $31.32 and a twelve month high of $135.80.
Kulicke and Soffa Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 78.85%.
Insiders Place Their Bets
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 stock was sold at an average price of $102.98, for a total value of $154,470.00. Following the transaction, the general counsel directly owned 21,214 shares of the company’s stock, valued at $2,184,617.72. The trade was a 6.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lester A. Wong sold 60,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $121.71, for a total value of $7,302,600.00. Following the sale, the chief executive officer owned 50,743 shares of the company’s stock, valued at $6,175,930.53. The trade was a 54.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 98,051 shares of company stock worth $11,333,480. 1.20% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on KLIC shares. Weiss Ratings raised shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research cut shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Needham & Company LLC boosted their target price 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. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.25.
Get Our Latest Analysis on KLIC
Kulicke and Soffa Industries Company 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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