Tower Research Capital LLC TRC Grows Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Tower Research Capital LLC TRC grew its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) by 162.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,052 shares of the semiconductor company’s stock after acquiring an additional 3,746 shares during the period. Tower Research Capital LLC TRC’s holdings in Kulicke and Soffa Industries were worth $233,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Guggenheim Capital LLC increased its stake in Kulicke and Soffa Industries by 7.5% during the 1st quarter. Guggenheim Capital LLC now owns 6,707 shares of the semiconductor company’s stock worth $376,000 after buying an additional 468 shares during the period. EMC Capital Management increased its stake in Kulicke and Soffa Industries by 16.3% during the 2nd quarter. EMC Capital Management now owns 3,576 shares of the semiconductor company’s stock worth $153,000 after buying an additional 500 shares during the period. Pinebridge Investments L.P. increased its stake in Kulicke and Soffa Industries by 513.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 613 shares of the semiconductor company’s stock worth $26,000 after buying an additional 513 shares during the period. Credit Suisse AG increased its stake in Kulicke and Soffa Industries by 0.9% during the 2nd quarter. Credit Suisse AG now owns 56,438 shares of the semiconductor company’s stock worth $2,416,000 after buying an additional 529 shares during the period. Finally, UBS Group AG increased its stake in Kulicke and Soffa Industries by 3.8% during the 3rd quarter. UBS Group AG now owns 17,271 shares of the semiconductor company’s stock worth $666,000 after buying an additional 629 shares during the period. 98.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KLIC shares. DA Davidson upped their target price on shares of Kulicke and Soffa Industries from $55.00 to $60.00 in a research note on Friday, November 18th. B. Riley boosted their price target on shares of Kulicke and Soffa Industries from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, February 3rd. Finally, Craig Hallum boosted their price target on shares of Kulicke and Soffa Industries from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, February 3rd.

Kulicke and Soffa Industries Stock Down 0.4 %

NASDAQ KLIC opened at $53.65 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.95 and a 52 week high of $62.16. The stock has a market capitalization of $3.04 billion, a PE ratio of 10.32 and a beta of 1.39. The firm has a 50 day moving average of $51.02 and a two-hundred day moving average of $46.09.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The semiconductor company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.24 by $0.13. Kulicke and Soffa Industries had a net margin of 25.80% and a return on equity of 28.72%. The company had revenue of $176.20 million during the quarter, compared to analysts’ expectations of $176.49 million. During the same quarter in the previous year, the business posted $2.19 EPS. The firm’s revenue was down 61.8% on a year-over-year basis. On average, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 1.85 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Stockholders of record on Thursday, March 23rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, March 22nd. Kulicke and Soffa Industries’s payout ratio is 14.62%.

Insider Activity

In other news, CEO Fusen Ernie Chen sold 24,559 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of $47.48, for a total value of $1,166,061.32. Following the completion of the transaction, the chief executive officer now owns 975,097 shares in the company, valued at approximately $46,297,605.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Robert Nestor Chylak sold 3,178 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 23,693 shares in the company, valued at approximately $1,160,483.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Fusen Ernie Chen sold 24,559 shares of the company’s stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $47.48, for a total transaction of $1,166,061.32. Following the transaction, the chief executive officer now owns 975,097 shares of the company’s stock, valued at approximately $46,297,605.56. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

About Kulicke and Soffa Industries

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.