Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 470,399 shares of the semiconductor company’s stock after selling 138,683 shares during the period. Bank of New York Mellon Corp owned about 0.88% of Kulicke and Soffa Industries worth $21,949,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KLIC. Advisors Asset Management Inc. grew its holdings in Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 414 shares during the period. GAMMA Investing LLC grew its holdings in Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 387 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Kulicke and Soffa Industries in the third quarter valued at approximately $53,000. KBC Group NV grew its holdings in Kulicke and Soffa Industries by 93.2% in the fourth quarter. KBC Group NV now owns 2,898 shares of the semiconductor company’s stock valued at $135,000 after purchasing an additional 1,398 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Kulicke and Soffa Industries in the fourth quarter valued at approximately $219,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of research analyst reports. StockNews.com raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. DA Davidson lowered their price target on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. TD Cowen lifted their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $36.19 on Tuesday. Kulicke and Soffa Industries, Inc. has a one year low of $35.95 and a one year high of $53.71. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 301.58 and a beta of 1.38. The business’s 50 day moving average price is $43.14 and its 200 day moving average price is $44.60.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries declared that its Board of Directors has approved a share buyback program on Wednesday, November 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.27%. Kulicke and Soffa Industries’s payout ratio is 683.33%.

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.