Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,485 shares of the semiconductor company’s stock after buying an additional 4,003 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kulicke and Soffa Industries were worth $958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in Kulicke and Soffa Industries in the 1st quarter valued at $29,000. Principal Securities Inc. purchased a new position in Kulicke and Soffa Industries during the 4th quarter valued at approximately $33,000. CWM LLC increased its stake in Kulicke and Soffa Industries by 120.7% in the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 426 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Kulicke and Soffa Industries by 29.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 272 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of 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 valued at $69,000 after acquiring an additional 1,366 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Craig Hallum reduced their price target 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. TD Cowen reduced their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.33.

Kulicke and Soffa Industries Stock Performance

NASDAQ KLIC opened at $40.52 on Wednesday. The business’s 50 day moving average price is $45.82 and its 200-day moving average price is $47.05. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $38.53 and a fifty-two week high of $56.71. The company has a market cap of $2.25 billion, a P/E ratio of -34.05 and a beta of 1.40.

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

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 19th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, September 19th. 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.