16,040 Shares in Kulicke and Soffa Industries, Inc. $KLIC Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,040 shares of the semiconductor company’s stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KLIC. The Manufacturers Life Insurance Company increased its stake in shares of Kulicke and Soffa Industries by 21.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,348,020 shares of the semiconductor company’s stock valued at $81,241,000 after acquiring an additional 409,116 shares in the last quarter. American Century Companies Inc. grew its holdings in Kulicke and Soffa Industries by 20.4% in the second quarter. American Century Companies Inc. now owns 2,313,378 shares of the semiconductor company’s stock worth $80,043,000 after purchasing an additional 392,691 shares during the period. Copeland Capital Management LLC increased its stake in Kulicke and Soffa Industries by 14.5% in the second quarter. Copeland Capital Management LLC now owns 1,645,508 shares of the semiconductor company’s stock valued at $56,935,000 after purchasing an additional 207,899 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kulicke and Soffa Industries by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,280,025 shares of the semiconductor company’s stock valued at $44,295,000 after purchasing an additional 10,722 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Kulicke and Soffa Industries by 5.5% during the 2nd quarter. Invesco Ltd. now owns 718,632 shares of the semiconductor company’s stock worth $24,865,000 after purchasing an additional 37,225 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $56.53, for a total value of $1,695,900.00. Following the sale, the senior vice president directly owned 126,369 shares in the company, valued at approximately $7,143,639.57. The trade was a 19.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Zi Yao Lim sold 1,000 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the general counsel owned 23,714 shares of the company’s stock, valued at $1,067,130. The trade was a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 36,004 shares of company stock valued at $1,991,450. 3.40% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ:KLIC opened at $59.46 on Thursday. The company has a market capitalization of $3.11 billion, a P/E ratio of -2,971.51 and a beta of 1.63. The company’s 50-day moving average is $47.63 and its 200 day moving average is $41.37. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $59.79.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Thursday, November 20th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Kulicke and Soffa Industries had a net margin of 0.03% and a negative return on equity of 1.64%. The firm had revenue of $177.56 million for the quarter, compared to analysts’ expectations of $169.84 million. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.82 annualized dividend and a dividend yield of 1.4%. Kulicke and Soffa Industries’s dividend payout ratio is presently -4,100.00%.

Wall Street Analyst Weigh In

KLIC has been the subject of a number of research analyst reports. Needham & Company LLC boosted their target price on Kulicke and Soffa Industries from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson reissued a “buy” rating and issued a $55.00 price objective on shares of Kulicke and Soffa Industries in a research note on Friday, November 21st. Wall Street Zen lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Zacks Research upgraded Kulicke and Soffa Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.