Mackenzie Financial Corp Invests $457,000 in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Mackenzie Financial Corp purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,296 shares of the semiconductor company’s stock, valued at approximately $457,000.

Several other large investors have also recently bought and sold shares of KLIC. First Eagle Investment Management LLC grew its position in shares of Kulicke and Soffa Industries by 8.1% in the first quarter. First Eagle Investment Management LLC now owns 205,299 shares of the semiconductor company’s stock valued at $10,329,000 after purchasing an additional 15,350 shares during the last quarter. Heartland Advisors Inc. grew its holdings in Kulicke and Soffa Industries by 813.0% in the 1st quarter. Heartland Advisors Inc. now owns 95,606 shares of the semiconductor company’s stock valued at $4,810,000 after buying an additional 85,134 shares in the last quarter. Russell Investments Group Ltd. increased its position in Kulicke and Soffa Industries by 26.8% during the 1st quarter. Russell Investments Group Ltd. now owns 460,704 shares of the semiconductor company’s stock worth $23,178,000 after buying an additional 97,278 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of Kulicke and Soffa Industries by 8.1% during the first quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company’s stock worth $32,619,000 after buying an additional 48,590 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted its position in shares of Kulicke and Soffa Industries by 15.9% in the first quarter. Olstein Capital Management L.P. now owns 201,000 shares of the semiconductor company’s stock valued at $10,112,000 after acquiring an additional 27,597 shares during the period. 98.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KLIC has been the topic of a number of recent research reports. TD Cowen lowered their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Craig Hallum decreased their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Three 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, the company has a consensus rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ KLIC opened at $45.08 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $38.20 and a 52 week high of $56.71. The stock’s fifty day moving average is $42.29 and its 200 day moving average is $45.84. The stock has a market capitalization of $2.50 billion, a P/E ratio of -37.88 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS. Equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.77%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -67.23%.

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.