State of New Jersey Common Pension Fund D Purchases 6,855 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

State of New Jersey Common Pension Fund D grew its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) by 15.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,499 shares of the semiconductor company’s stock after acquiring an additional 6,855 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kulicke and Soffa Industries were worth $2,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KLIC. State Street Corp increased its position in shares of Kulicke and Soffa Industries by 4.9% during the first quarter. State Street Corp now owns 2,058,052 shares of the semiconductor company’s stock valued at $115,628,000 after buying an additional 95,909 shares during the period. Victory Capital Management Inc. increased its position in shares of Kulicke and Soffa Industries by 16.9% during the second quarter. Victory Capital Management Inc. now owns 1,597,036 shares of the semiconductor company’s stock valued at $68,369,000 after buying an additional 230,792 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Kulicke and Soffa Industries by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 581,162 shares of the semiconductor company’s stock valued at $24,880,000 after buying an additional 1,557 shares during the period. Russell Investments Group Ltd. increased its position in shares of Kulicke and Soffa Industries by 23.8% during the second quarter. Russell Investments Group Ltd. now owns 581,086 shares of the semiconductor company’s stock valued at $24,879,000 after buying an additional 111,682 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Kulicke and Soffa Industries by 42.7% during the third quarter. Pacer Advisors Inc. now owns 461,548 shares of the semiconductor company’s stock valued at $17,783,000 after buying an additional 138,126 shares during the period. 98.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Kulicke and Soffa Industries in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. B. Riley cut their price target on shares of Kulicke and Soffa Industries from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, October 4th. Finally, DA Davidson increased their price target on shares of Kulicke and Soffa Industries from $55.00 to $60.00 in a report on Friday, November 18th.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 3,178 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total value of $155,658.44. Following the transaction, the senior vice president now directly owns 23,693 shares in the company, valued at $1,160,483.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Robert Nestor Chylak sold 3,178 shares of the firm’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total transaction of $155,658.44. Following the sale, the senior vice president now directly owns 23,693 shares in the company, valued at approximately $1,160,483.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Fusen Ernie Chen sold 24,559 shares of the firm’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $47.48, for a total transaction of $1,166,061.32. Following the sale, the chief executive officer now owns 975,097 shares in the company, valued at $46,297,605.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,749 shares of company stock worth $3,346,757. Company insiders own 2.50% of the company’s stock.

Kulicke and Soffa Industries Stock Down 0.3 %

Shares of Kulicke and Soffa Industries stock opened at $49.16 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 6.96 and a beta of 1.33. The company’s 50 day moving average is $46.94 and its 200 day moving average is $44.49. Kulicke and Soffa Industries, Inc. has a twelve month low of $35.95 and a twelve month high of $62.16.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last released its quarterly earnings results on Wednesday, November 16th. The semiconductor company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.28. Kulicke and Soffa Industries had a net margin of 28.83% and a return on equity of 38.40%. The business had revenue of $286.31 million for the quarter, compared to the consensus estimate of $280.00 million. Sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 1.94 EPS for the current fiscal year.

Kulicke and Soffa Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 9th. Shareholders of record on Thursday, December 22nd were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 21st. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 1.55%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 10.76%.

About Kulicke and Soffa Industries

(Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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