Wellington Management Group LLP Grows Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Wellington Management Group LLP raised its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,880 shares of the semiconductor company’s stock after purchasing an additional 6,290 shares during the quarter. Wellington Management Group LLP owned 0.18% of Kulicke and Soffa Industries worth $5,520,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Westfield Capital Management Co. LP raised its stake in Kulicke and Soffa Industries by 27.2% during the 4th quarter. Westfield Capital Management Co. LP now owns 620,124 shares of the semiconductor company’s stock valued at $33,933,000 after purchasing an additional 132,553 shares during the period. Norges Bank bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth $18,531,000. Sei Investments Co. grew its stake in Kulicke and Soffa Industries by 22.8% during the third quarter. Sei Investments Co. now owns 309,681 shares of the semiconductor company’s stock valued at $15,060,000 after acquiring an additional 57,418 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in Kulicke and Soffa Industries in the 4th quarter valued at $981,000. Finally, Victory Capital Management Inc. lifted its stake in Kulicke and Soffa Industries by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock worth $163,913,000 after purchasing an additional 91,934 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Stock Up 4.2 %

Kulicke and Soffa Industries stock opened at $49.19 on Friday. The company’s 50-day moving average price is $46.74 and its 200-day moving average price is $49.14. The company has a market cap of $2.73 billion, a PE ratio of -41.34 and a beta of 1.42. Kulicke and Soffa Industries, Inc. has a twelve month low of $40.20 and a twelve month high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly 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). Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The company had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $170.20 million. During the same quarter in the prior year, the business posted $0.38 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post -0.31 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, June 20th. Kulicke and Soffa Industries’s payout ratio is -67.23%.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, Director Peter T. M. Kong bought 1,000 shares of the stock in a transaction dated Monday, May 6th. The stock was purchased at an average price of $47.51 per share, for a total transaction of $47,510.00. Following the acquisition, the director now owns 92,072 shares of the company’s stock, valued at $4,374,340.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KLIC. B. Riley cut their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Hold” and a consensus target price of $53.50.

Kulicke and Soffa Industries Profile

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.