Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,138 shares of the semiconductor company’s stock after acquiring an additional 4,923 shares during the quarter. Mackenzie Financial Corp’s holdings in Kulicke and Soffa Industries were worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its position in Kulicke and Soffa Industries by 224.6% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 465 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Kulicke and Soffa Industries by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after acquiring an additional 353 shares in the last quarter. Atlas Brown Inc. acquired a new stake in Kulicke and Soffa Industries during the fourth quarter valued at $211,000. AlphaMark Advisors LLC purchased a new position in Kulicke and Soffa Industries in the third quarter valued at about $218,000. Finally, International Assets Investment Management LLC acquired a new position in Kulicke and Soffa Industries in the 4th quarter worth about $240,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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 stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

NASDAQ:KLIC opened at $46.73 on Thursday. The stock’s 50 day moving average price is $48.63 and its 200 day moving average price is $49.24. Kulicke and Soffa Industries, Inc. has a 52 week low of $40.20 and a 52 week high of $60.20. The company has a market capitalization of $2.63 billion, a P/E ratio of 51.92 and a beta of 1.47.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. The firm had revenue of $171.19 million for the quarter, compared to the consensus estimate of $170.00 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. As a group, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.69 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were issued a $0.20 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.71%. Kulicke and Soffa Industries’s dividend payout ratio is currently 88.89%.

Wall Street Analyst Weigh In

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

About Kulicke and Soffa Industries

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.