Pacer Advisors Inc. lessened its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 92.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 446 shares of the semiconductor company’s stock after selling 5,608 shares during the period. Pacer Advisors Inc.’s holdings in Kulicke and Soffa Industries were worth $29,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of KLIC. Louisiana State Employees Retirement System acquired a new position in shares of Kulicke and Soffa Industries in the first quarter worth approximately $1,525,000. Kingsview Wealth Management LLC bought a new position in Kulicke and Soffa Industries during the 4th quarter worth approximately $3,245,000. Vanguard Group Inc. lifted its position in shares of Kulicke and Soffa Industries by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,513,023 shares of the semiconductor company’s stock worth $160,053,000 after purchasing an additional 20,535 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at $911,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at $535,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Trading Up 4.5%
Shares of NASDAQ KLIC opened at $95.15 on Thursday. The firm has a market capitalization of $4.98 billion, a P/E ratio of 43.85 and a beta of 1.67. The firm’s 50-day moving average price is $107.59 and its 200-day moving average price is $88.13. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.02 and a 1-year 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. Shareholders of record on Thursday, June 18th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis 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 37.79%.
Insider Transactions at Kulicke and Soffa Industries
In other news, Director Mui Sung Yeo sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the director owned 59,197 shares in the company, valued at $5,919,700. The trade was a 25.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lester A. Wong sold 60,000 shares of the company’s stock in a transaction that occurred on 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 96,551 shares of company stock worth $11,179,010. Insiders own 1.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research downgraded Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.67.
Check Out Our Latest Stock Report on KLIC
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.
Further Reading
- Five stocks we like better than Kulicke and Soffa Industries
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report).
Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.
