Geode Capital Management LLC grew its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,280,025 shares of the semiconductor company’s stock after buying an additional 10,722 shares during the period. Geode Capital Management LLC owned 2.43% of Kulicke and Soffa Industries worth $44,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of KLIC. Ifrah Financial Services Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 3.0% in the 2nd quarter. Ifrah Financial Services Inc. now owns 13,433 shares of the semiconductor company’s stock valued at $465,000 after purchasing an additional 386 shares during the last quarter. Meritage Portfolio Management increased its position in Kulicke and Soffa Industries by 6.9% during the second quarter. Meritage Portfolio Management now owns 6,983 shares of the semiconductor company’s stock worth $242,000 after buying an additional 452 shares during the period. Ethic Inc. lifted its stake in Kulicke and Soffa Industries by 6.2% in the second quarter. Ethic Inc. now owns 12,238 shares of the semiconductor company’s stock valued at $425,000 after buying an additional 717 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Kulicke and Soffa Industries by 789.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 821 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Kulicke and Soffa Industries by 7,609.1% during the second quarter. True Wealth Design LLC now owns 848 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 837 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.
Kulicke and Soffa Industries Stock Up 4.8%
Shares of Kulicke and Soffa Industries stock opened at $43.56 on Wednesday. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 544.50 and a beta of 1.64. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $52.08. The company’s 50-day simple moving average is $39.95 and its 200-day simple moving average is $36.90.
Kulicke and Soffa Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 18th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, September 18th. Kulicke and Soffa Industries’s dividend payout ratio is currently -4,100.00%.
Analyst Upgrades and Downgrades
Several research firms recently commented on KLIC. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Wednesday, November 19th. TD Cowen increased their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. DA Davidson reissued a “buy” rating and set a $55.00 price target on shares of Kulicke and Soffa Industries in a report on Friday, November 21st. Wall Street Zen raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus target price of $44.50.
About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.
Read More
- Five stocks we like better than Kulicke and Soffa Industries
- When to Sell a Stock for Profit or Loss
- Warner Bros. Sale Rumors Heat Up: What Investors Need to Know
- How to Calculate Inflation Rate
- From Science Project to Solvent: WeRide’s 761% Revenue Surge
- 3 REITs to Buy and Hold for the Long Term
- Will the S&P 500 Rally in December? These 3 Signals Point to a Big Move Ahead
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.
