Morgan Stanley Acquires 272,946 Shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

Morgan Stanley boosted its holdings in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 1,079.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,233 shares of the semiconductor company’s stock after purchasing an additional 272,946 shares during the period. Morgan Stanley owned about 0.47% of Kulicke and Soffa Industries worth $6,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Financial Gravity Wealth Inc. grew its position in shares of Kulicke and Soffa Industries by 348.4% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,383 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $51,000. Tower Research Capital LLC TRC grew its position in shares of Kulicke and Soffa Industries by 25,411.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,296 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 2,287 shares during the period. Quantamental Technologies LLC grew its position in shares of Kulicke and Soffa Industries by 31.2% in the 2nd quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 804 shares during the period. Finally, CIBC Asset Management Inc bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $202,000. 91.86% of the stock is owned by institutional investors and hedge funds.

NASDAQ KLIC opened at $22.93 on Friday. The firm has a 50-day moving average of $22.84 and a 200-day moving average of $22.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.33 and a current ratio of 4.85. The stock has a market cap of $1.47 billion, a PE ratio of 9.44 and a beta of 1.36. Kulicke and Soffa Industries Inc. has a 52-week low of $17.40 and a 52-week high of $24.99.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $127.11 million during the quarter, compared to analysts’ expectations of $128.70 million. Kulicke and Soffa Industries had a net margin of 5.96% and a return on equity of 6.21%. Kulicke and Soffa Industries’s quarterly revenue was down 52.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. As a group, analysts predict that Kulicke and Soffa Industries Inc. will post 0.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Friday, September 27th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, September 26th. Kulicke and Soffa Industries’s dividend payout ratio is presently 19.75%.

KLIC has been the subject of a number of analyst reports. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded shares of Kulicke and Soffa Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. DA Davidson downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $26.00 in a research report on Monday, July 8th. Finally, Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.50.

Kulicke and Soffa Industries Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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