Systematic Financial Management LP increased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 232,425 shares of the semiconductor company’s stock after purchasing an additional 7,794 shares during the period. Systematic Financial Management LP’s holdings in Kulicke and Soffa Industries were worth $10,589,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth $29,000. Salomon & Ludwin LLC grew its stake in Kulicke and Soffa Industries by 48.4% in the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 254 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in Kulicke and Soffa Industries in the third quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in Kulicke and Soffa Industries by 2,665.7% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 933 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth $48,000. 98.22% of the stock is owned by hedge funds and other institutional investors.
Kulicke and Soffa Industries Stock Performance
NASDAQ KLIC opened at $104.40 on Monday. Kulicke and Soffa Industries, Inc. has a 12 month low of $31.21 and a 12 month high of $107.01. The stock has a market cap of $5.46 billion, a P/E ratio of 100.38 and a beta of 1.66. The stock’s fifty day moving average price is $80.72 and its 200-day moving average price is $63.40.
Kulicke and Soffa Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Thursday, March 19th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.82 annualized dividend and a dividend yield of 0.8%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 78.85%.
Insider Activity at Kulicke and Soffa Industries
In related news, General Counsel Zi Yao Lim sold 1,500 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $102.98, for a total transaction of $154,470.00. Following the sale, the general counsel directly owned 21,214 shares of the company’s stock, valued at $2,184,617.72. This trade represents a 6.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mui Sung Yeo sold 20,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $100.00, for a total value of $2,000,000.00. Following the sale, the director directly owned 59,197 shares in the company, valued at $5,919,700. This trade represents a 25.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,864 shares of company stock valued at $2,830,457 over the last ninety days. Insiders own 1.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Wall Street Zen raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Weiss Ratings raised Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Needham & Company LLC upped their price target on Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.25.
View Our Latest Stock Report on KLIC
Kulicke and Soffa Industries Company Profile
Kulicke & Soffa Industries (NASDAQ:KLIC) is a global supplier of semiconductor and LED assembly equipment. The company specializes in the design, development and manufacture of advanced die bonding, wire bonding, flip-chip bumping and wafer-level packaging systems. Its solutions support a wide range of applications in consumer electronics, automotive, communications and other high-growth segments within the semiconductor and LED industries.
Key products include precision wire bonders for microelectronic packaging, die attach systems for chip placement, flip-chip bonders for advanced packaging architectures and LED packaging platforms that enable high-volume production of automotive and general-illumination LEDs.
Featured Articles
- Five stocks we like better than Kulicke and Soffa Industries
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report).
Receive News & Ratings for Kulicke and Soffa Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kulicke and Soffa Industries and related companies with MarketBeat.com's FREE daily email newsletter.
