Systematic Financial Management LP boosted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,425 shares of the semiconductor company’s stock after buying an additional 7,794 shares during the quarter. Systematic Financial Management LP owned approximately 0.44% of Kulicke and Soffa Industries worth $10,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth approximately $29,000. Salomon & Ludwin LLC boosted its stake in Kulicke and Soffa Industries by 48.4% in the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after buying an additional 254 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its stake in Kulicke and Soffa Industries by 2,665.7% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after buying an additional 933 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.
Kulicke and Soffa Industries Stock Performance
Shares of KLIC stock opened at $104.40 on Monday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.21 and a fifty-two week high of $107.01. The stock has a 50 day moving average price of $80.72 and a two-hundred day moving average price of $63.40. The company has a market capitalization of $5.46 billion, a P/E ratio of 100.38 and a beta of 1.66.
Kulicke and Soffa Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Thursday, March 19th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently 78.85%.
Analyst Ratings Changes
Several analysts have issued reports on KLIC shares. Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Wall Street Zen raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings upgraded Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Needham & Company LLC boosted their price objective on Kulicke and Soffa Industries from $70.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.25.
Read Our Latest Research Report on Kulicke and Soffa Industries
Insider Activity at Kulicke and Soffa Industries
In related news, General Counsel Zi Yao Lim sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $102.98, for a total transaction of $154,470.00. Following the completion of the transaction, the general counsel owned 21,214 shares in the company, valued at $2,184,617.72. This represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Jeffrey Richardson sold 9,364 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $72.19, for a total value of $675,987.16. Following the transaction, the director owned 17,694 shares of the company’s stock, valued at approximately $1,277,329.86. This represents a 34.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,864 shares of company stock worth $2,830,457 over the last quarter. 1.20% of the stock is owned by corporate 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.
Featured Articles
- Five stocks we like better than Kulicke and Soffa Industries
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
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.
