Kulicke and Soffa Industries, Inc. $KLIC Stock Position Reduced by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 17.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,430 shares of the semiconductor company’s stock after selling 15,815 shares during the quarter. ProShare Advisors LLC owned about 0.14% of Kulicke and Soffa Industries worth $6,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vise Technologies Inc. lifted its stake in shares of Kulicke and Soffa Industries by 31.3% during the third quarter. Vise Technologies Inc. now owns 4,934 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 1,175 shares during the period. Summit Global Investments grew its stake in Kulicke and Soffa Industries by 16.9% in the 3rd quarter. Summit Global Investments now owns 17,168 shares of the semiconductor company’s stock worth $1,618,000 after acquiring an additional 2,481 shares during the period. State of Wyoming raised its holdings in Kulicke and Soffa Industries by 37.9% in the 3rd quarter. State of Wyoming now owns 5,864 shares of the semiconductor company’s stock valued at $553,000 after acquiring an additional 1,611 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Kulicke and Soffa Industries by 147.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,400 shares of the semiconductor company’s stock valued at $792,000 after acquiring an additional 5,000 shares during the last quarter. Finally, VestGen Advisors LLC raised its holdings in Kulicke and Soffa Industries by 66.4% in the 3rd quarter. VestGen Advisors LLC now owns 7,387 shares of the semiconductor company’s stock valued at $696,000 after acquiring an additional 2,947 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $68.44 on Thursday. 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 50 day moving average price of $83.89 and a 200 day moving average price of $86.37. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 31.50 and a beta of 1.65.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm had revenue of $330.41 million during the quarter, compared to analyst estimates of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. Kulicke and Soffa Industries’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. Sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 17th were paid a dividend of $0.2050 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.82 annualized dividend and a dividend yield of 1.2%. Kulicke and Soffa Industries’s payout ratio is currently 37.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Friday, August 7th. Needham & Company LLC upped their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, B. Riley Financial reduced their target price on Kulicke and Soffa Industries from $105.00 to $86.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Hold” and a consensus target price of $85.33.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Ltd. (NASDAQ: KLIC) designs, manufactures and supports equipment used in the assembly and packaging of semiconductor and electronic components. Its technologies help manufacturers connect semiconductor dies to packages, attach and assemble components, and produce finished devices for use in electronics, communications, automotive, industrial and other applications.

The company’s product portfolio includes wire bonding equipment, die attach systems, wedge bonding solutions and related tools, materials and services.