Congress Asset Management Co. MA Buys 312 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Congress Asset Management Co. MA boosted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,751 shares of the semiconductor company’s stock after buying an additional 312 shares during the period. Congress Asset Management Co. MA owned approximately 0.24% of Kulicke and Soffa Industries worth $7,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Winslow Asset Management Inc. acquired a new position in Kulicke and Soffa Industries during the 4th quarter valued at about $204,000. Hel Ved Capital Management Ltd acquired a new position in Kulicke and Soffa Industries during the 4th quarter valued at about $6,809,000. The Manufacturers Life Insurance Company increased its position in Kulicke and Soffa Industries by 46.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 333,001 shares of the semiconductor company’s stock valued at $18,222,000 after buying an additional 105,430 shares in the last quarter. TFO Wealth Partners LLC increased its position in Kulicke and Soffa Industries by 86,633.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,602 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 2,599 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Kulicke and Soffa Industries by 1.9% during the 4th quarter. Allianz Asset Management GmbH now owns 42,454 shares of the semiconductor company’s stock valued at $2,323,000 after buying an additional 780 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC opened at $45.58 on Monday. Kulicke and Soffa Industries, Inc. has a 52 week low of $40.20 and a 52 week high of $60.20. The stock’s 50-day moving average price is $46.77 and its 200-day moving average price is $49.45.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). The company had revenue of $172.10 million for the quarter, compared to analyst estimates of $170.20 million. Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The firm’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. Research analysts predict that Kulicke and Soffa Industries, Inc. will post -0.31 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, June 20th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Insider Buying and Selling

In related news, Director Peter T. M. Kong bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $47.51 per share, with a total value of $47,510.00. Following the completion of the acquisition, the director now directly owns 92,072 shares in the company, valued at $4,374,340.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday, May 3rd. B. Riley cut their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.00.

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.