Hillsdale Investment Management Inc. purchased a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 115,620 shares of the semiconductor company’s stock, valued at approximately $7,599,000.
A number of other hedge funds also recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries in the 1st quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in shares of Kulicke and Soffa Industries during the third quarter worth about $29,000. Meeder Asset Management Inc. acquired a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Kulicke and Soffa Industries by 2,665.7% during the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the semiconductor company’s stock worth $33,000 after buying an additional 933 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of Kulicke and Soffa Industries by 48.4% during the fourth quarter. Salomon & Ludwin LLC now owns 779 shares of the semiconductor company’s stock worth $35,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.
Kulicke and Soffa Industries Stock Performance
Shares of NASDAQ KLIC opened at $106.49 on Tuesday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $135.80. The firm has a market capitalization of $5.57 billion, a PE ratio of 102.39 and a beta of 1.62. The stock’s 50-day simple moving average is $110.20 and its 200-day simple moving average is $81.38.
Kulicke and Soffa Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Thursday, June 18th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 18th. Kulicke and Soffa Industries’s payout ratio is currently 78.85%.
Insider Buying and Selling at Kulicke and Soffa Industries
In related news, General Counsel Zi Yao Lim sold 1,500 shares of Kulicke and Soffa Industries stock in a transaction on Monday, May 11th. The shares were 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 in the company, valued at $2,184,617.72. This trade represents a 6.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mui Sung Yeo sold 20,000 shares of Kulicke and Soffa Industries stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $100.00, for a total transaction of $2,000,000.00. Following the sale, the director owned 59,197 shares in the company, valued at $5,919,700. This represents a 25.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 98,051 shares of company stock worth $11,333,480. 1.20% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have commented on KLIC. Needham & Company LLC boosted their price target on shares of Kulicke and Soffa Industries from $70.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Kulicke and Soffa Industries from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research lowered shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.25.
View Our Latest Research 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.
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