Kulicke and Soffa Industries, Inc. $KLIC Stock Acquired by Virtus Advisers LLC

Virtus Advisers LLC grew its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 267.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,979 shares of the semiconductor company’s stock after acquiring an additional 11,633 shares during the period. Virtus Advisers LLC’s holdings in Kulicke and Soffa Industries were worth $1,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter worth $32,721,000. Counterpoint Mutual Funds LLC raised its holdings in Kulicke and Soffa Industries by 1,261.7% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 116,536 shares of the semiconductor company’s stock worth $10,984,000 after purchasing an additional 107,978 shares during the period. Hsbc Holdings PLC bought a new position in Kulicke and Soffa Industries in the 2nd quarter worth $3,174,000. Wellington Management Group LLP purchased a new position in Kulicke and Soffa Industries during the second quarter valued at $26,086,000. Finally, HighTower Advisors LLC lifted its position in Kulicke and Soffa Industries by 362.7% during the second quarter. HighTower Advisors LLC now owns 37,484 shares of the semiconductor company’s stock valued at $5,014,000 after purchasing an additional 29,383 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on KLIC shares. B. Riley Financial cut their price target on Kulicke and Soffa Industries from $86.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 9th. Weiss Ratings restated a “hold (c)” rating on shares of Kulicke and Soffa Industries in a research report on Wednesday, November 4th. Zacks Research cut Kulicke and Soffa Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Needham & Company LLC raised their price objective on Kulicke and Soffa Industries from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $80.00.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC traded down $3.35 during trading on Friday, hitting $69.07. 697,919 shares of the company’s stock were exchanged, compared to its average volume of 694,490. The business’s 50-day simple moving average is $82.11 and its 200 day simple moving average is $86.72. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 31.83 and a beta of 1.65. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.02 and a 52-week high of $135.80.

Kulicke and Soffa Industries Dividend Announcement

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

About Kulicke and Soffa Industries

Kulicke and Soffa Industries develops and supplies equipment and services used to assemble and package semiconductor devices. Its offerings include ball and wedge wire bonders, die-attach and advanced-packaging equipment, as well as related tools, spare parts and support services. Founded in 1951, the company has a long history in semiconductor assembly technology. Its products serve manufacturers in markets including semiconductors, automotive electronics, communications, consumer electronics and industrial applications.