Brandywine Global Investment Management LLC Has $6.69 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Brandywine Global Investment Management LLC raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) by 63.7% in the second quarter, Holdings Channel reports. The institutional investor owned 156,358 shares of the semiconductor company’s stock after buying an additional 60,870 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Kulicke and Soffa Industries were worth $6,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Pinebridge Investments L.P. raised its stake in shares of Kulicke and Soffa Industries by 513.0% in the second quarter. Pinebridge Investments L.P. now owns 613 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 513 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Kulicke and Soffa Industries in the first quarter valued at $30,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Kulicke and Soffa Industries by 4,100.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 630 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 615 shares in the last quarter. Ellevest Inc. raised its stake in shares of Kulicke and Soffa Industries by 1,348.8% in the second quarter. Ellevest Inc. now owns 1,217 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Kulicke and Soffa Industries in the second quarter valued at $75,000. 99.84% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC opened at $47.81 on Thursday. The business’s fifty day moving average price is $41.74 and its two-hundred day moving average price is $44.92. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $35.95 and a fifty-two week high of $73.45. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 6.77 and a beta of 1.32.

Kulicke and Soffa Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 9th. Shareholders of record on Thursday, December 22nd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.59%. This is a boost from Kulicke and Soffa Industries’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 21st. Kulicke and Soffa Industries’s dividend payout ratio is 9.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DA Davidson upped their target price on Kulicke and Soffa Industries from $55.00 to $60.00 in a research note on Friday, November 18th. StockNews.com started coverage on Kulicke and Soffa Industries in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, B. Riley lowered their price target on Kulicke and Soffa Industries from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 4th.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 1,228 shares of the company’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $38.12, for a total value of $46,811.36. Following the sale, the senior vice president now directly owns 26,928 shares in the company, valued at $1,026,495.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,549 shares of company stock worth $139,212 over the last three months. Company insiders own 2.50% of the company’s stock.

About Kulicke and Soffa Industries

(Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

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

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