Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stock Holdings Trimmed by Bank Hapoalim BM

Bank Hapoalim BM lowered its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,960 shares of the semiconductor company’s stock after selling 1,175 shares during the quarter. Bank Hapoalim BM’s holdings in Kulicke and Soffa Industries were worth $901,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KLIC. The Manufacturers Life Insurance Company lifted its holdings in Kulicke and Soffa Industries by 37.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company’s stock worth $52,918,000 after acquiring an additional 291,787 shares during the last quarter. Copeland Capital Management LLC grew its stake in Kulicke and Soffa Industries by 22.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company’s stock worth $66,319,000 after buying an additional 264,638 shares during the last quarter. DDD Partners LLC bought a new stake in Kulicke and Soffa Industries in the second quarter valued at $8,163,000. Emerald Advisers LLC grew its position in shares of Kulicke and Soffa Industries by 57.5% during the second quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company’s stock worth $21,791,000 after acquiring an additional 161,791 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Kulicke and Soffa Industries by 61.5% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 355,675 shares of the semiconductor company’s stock valued at $17,496,000 after purchasing an additional 135,444 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Down 0.2 %

Shares of KLIC traded down $0.09 during trading hours on Thursday, hitting $45.97. 21,604 shares of the stock traded hands, compared to its average volume of 485,128. 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 $2.55 billion, a PE ratio of -38.71 and a beta of 1.38. The business has a fifty day moving average of $43.04 and a 200-day moving average of $45.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 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 analysts’ expectations 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%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts expect 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 company 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. The ex-dividend date was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Kulicke and Soffa Industries’s payout ratio is -67.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KLIC. Craig Hallum decreased their price objective 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. TD Cowen reduced their target price on 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. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.