Creative Planning Acquires 14,480 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Creative Planning lifted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 127.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,864 shares of the semiconductor company’s stock after purchasing an additional 14,480 shares during the period. Creative Planning’s holdings in Kulicke and Soffa Industries were worth $1,167,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in Kulicke and Soffa Industries during the first quarter worth about $29,000. Blue Trust Inc. boosted its stake in Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,366 shares during the last quarter. Innealta Capital LLC acquired a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $73,000. CWM LLC increased its stake in Kulicke and Soffa Industries by 101.8% in the third quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 970 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in Kulicke and Soffa Industries by 1,900.0% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 1,900 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Trading Down 2.6 %

KLIC stock opened at $44.86 on Friday. The stock has a 50-day moving average price of $43.10 and a two-hundred day moving average price of $45.29. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $56.71. The stock has a market cap of $2.45 billion, a PE ratio of -43.13 and a beta of 1.38.

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

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries’s payout ratio is -76.92%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. TD Cowen decreased their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Craig Hallum decreased their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.33.

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.