94,590 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Bought by Wellington Management Group LLP

Wellington Management Group LLP bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLICFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 94,590 shares of the semiconductor company’s stock, valued at approximately $4,600,000. Wellington Management Group LLP owned 0.17% of Kulicke and Soffa Industries at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates increased its holdings in shares of Kulicke and Soffa Industries by 12.2% during the 1st quarter. Raymond James & Associates now owns 21,762 shares of the semiconductor company’s stock worth $1,219,000 after purchasing an additional 2,368 shares during the period. Natixis Advisors L.P. bought a new position in shares of Kulicke and Soffa Industries during the 1st quarter worth about $602,000. MetLife Investment Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 46.5% during the 1st quarter. MetLife Investment Management LLC now owns 31,834 shares of the semiconductor company’s stock worth $1,783,000 after purchasing an additional 10,110 shares during the period. Rhumbline Advisers increased its holdings in shares of Kulicke and Soffa Industries by 7.9% during the 1st quarter. Rhumbline Advisers now owns 150,077 shares of the semiconductor company’s stock worth $8,407,000 after purchasing an additional 10,932 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 59,215 shares of the semiconductor company’s stock worth $3,317,000 after purchasing an additional 1,190 shares during the period. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of “Moderate Buy” and an average target price of $62.00.

Read Our Latest Stock Report on KLIC

Insider Buying and Selling at Kulicke and Soffa Industries

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

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $48.59 on Wednesday. The firm’s 50-day simple moving average is $49.82 and its 200-day simple moving average is $49.25. Kulicke and Soffa Industries, Inc. has a twelve month low of $40.20 and a twelve month high of $60.20. The firm has a market cap of $2.74 billion, a P/E ratio of 53.99 and a beta of 1.46.

Kulicke and Soffa Industries (NASDAQ:KLICGet Free Report) last issued its earnings results on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $170.00 million. During the same period in the previous year, the business earned $0.37 EPS. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Monday, March 25th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.65%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 88.89%.

Kulicke and Soffa Industries Profile

(Free Report)

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.

See Also

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

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