Louisiana State Employees Retirement System Purchases Shares of 28,300 Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Louisiana State Employees Retirement System bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,300 shares of the semiconductor company’s stock, valued at approximately $1,549,000. Louisiana State Employees Retirement System owned 0.05% of Kulicke and Soffa Industries as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KLIC. Verdence Capital Advisors LLC lifted its stake in Kulicke and Soffa Industries by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 285 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Kulicke and Soffa Industries by 4.9% during the third quarter. Captrust Financial Advisors now owns 6,359 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 298 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Kulicke and Soffa Industries by 37.7% in the first quarter. First Horizon Advisors Inc. now owns 1,259 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 345 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Kulicke and Soffa Industries by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock valued at $188,000 after purchasing an additional 353 shares in the last quarter. Finally, Pathstone Family Office LLC increased its stake in Kulicke and Soffa Industries by 7.6% during the 4th quarter. Pathstone Family Office LLC now owns 6,459 shares of the semiconductor company’s stock worth $306,000 after buying an additional 454 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of Kulicke and Soffa Industries stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total transaction of $429,515.87. Following the completion of the transaction, the senior vice president now owns 24,240 shares in the company, valued at $1,187,032.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, TheStreet downgraded Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st.

Kulicke and Soffa Industries Price Performance

KLIC stock opened at $44.90 on Friday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 49.89 and a beta of 1.47. The company has a fifty day moving average price of $48.81 and a 200 day moving average price of $49.27. Kulicke and Soffa Industries, Inc. has a 12 month low of $40.20 and a 12 month high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Kulicke and Soffa Industries had a net margin of 7.03% and a return on equity of 8.55%. The business had revenue of $171.19 million during the quarter, compared to analysts’ expectations of $170.00 million. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. Kulicke and Soffa Industries’s dividend payout ratio is presently 88.89%.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.