Kulicke and Soffa Industries, Inc. $KLIC Stock: ProShare Advisors LLC Cuts Position

ProShare Advisors LLC reduced its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 17.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 73,430 shares of the semiconductor company’s stock after selling 15,815 shares during the quarter. ProShare Advisors LLC’s holdings in Kulicke and Soffa Industries were worth $6,921,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vise Technologies Inc. raised its holdings in Kulicke and Soffa Industries by 31.3% in the third quarter. Vise Technologies Inc. now owns 4,934 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 1,175 shares during the period. Summit Global Investments grew its stake in Kulicke and Soffa Industries by 16.9% during the third quarter. Summit Global Investments now owns 17,168 shares of the semiconductor company’s stock worth $1,618,000 after buying an additional 2,481 shares during the period. State of Wyoming grew its stake in Kulicke and Soffa Industries by 37.9% during the third quarter. State of Wyoming now owns 5,864 shares of the semiconductor company’s stock worth $553,000 after buying an additional 1,611 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Kulicke and Soffa Industries by 147.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,400 shares of the semiconductor company’s stock worth $792,000 after acquiring an additional 5,000 shares in the last quarter. Finally, VestGen Advisors LLC increased its position in shares of Kulicke and Soffa Industries by 66.4% in the third quarter. VestGen Advisors LLC now owns 7,387 shares of the semiconductor company’s stock worth $696,000 after acquiring an additional 2,947 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

KLIC has been the topic of a number of analyst reports. Zacks Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. B. Riley Financial reduced their target price on Kulicke and Soffa Industries from $105.00 to $86.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Needham & Company LLC lifted their target price on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Hold” and an average target price of $85.33.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $68.44 on Thursday. The firm’s 50-day moving average is $83.89 and its 200-day moving average is $86.37. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.02 and a 1 year high of $135.80. The company has a market cap of $3.58 billion, a P/E ratio of 31.50 and a beta of 1.65.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The business had revenue of $330.41 million during the quarter, compared to the consensus estimate of $308.50 million. Kulicke and Soffa Industries had a net margin of 12.18% and a return on equity of 14.39%. The company’s revenue for the quarter was up 122.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. As a group, sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 3.38 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 17th were issued a $0.2050 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.82 dividend on an annualized basis and a yield of 1.2%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 37.79%.

About Kulicke and Soffa Industries

Kulicke and Soffa Industries, Ltd. (NASDAQ: KLIC) designs, manufactures and supports equipment used in the assembly and packaging of semiconductor and electronic components. Its technologies help manufacturers connect semiconductor dies to packages, attach and assemble components, and produce finished devices for use in electronics, communications, automotive, industrial and other applications.

The company’s product portfolio includes wire bonding equipment, die attach systems, wedge bonding solutions and related tools, materials and services.