Amalgamated Bank Reduces Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Amalgamated Bank lowered its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,101 shares of the semiconductor company’s stock after selling 848 shares during the quarter. Amalgamated Bank’s holdings in Kulicke and Soffa Industries were worth $727,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in Kulicke and Soffa Industries during the 1st quarter valued at $29,000. Signaturefd LLC boosted its holdings in Kulicke and Soffa Industries by 226.3% during the 3rd quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 543 shares during the period. Blue Trust Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 17,075.0% in the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after buying an additional 1,366 shares during the period. Innealta Capital LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 2nd quarter worth $73,000. Finally, CWM LLC lifted its holdings in shares of Kulicke and Soffa Industries by 101.8% in the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after buying an additional 970 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC opened at $46.19 on Friday. The business’s 50-day moving average is $44.12 and its 200 day moving average is $45.37. Kulicke and Soffa Industries, Inc. has a 1 year low of $38.20 and a 1 year high of $56.71. The firm has a market capitalization of $2.52 billion, a P/E ratio of -37.55 and a beta of 1.38.

Kulicke and Soffa Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, December 19th will be given a dividend of $0.205 per share. This is a positive change from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, December 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently -65.04%.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KLIC. Craig Hallum lowered their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. DA Davidson lowered their target price on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a report on Friday. TD Cowen upped their target price on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Friday. Needham & Company LLC raised Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Friday. Finally, StockNews.com lowered Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.40.

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.