Victory Capital Management Inc. Boosts Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Victory Capital Management Inc. lifted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,699,897 shares of the semiconductor company’s stock after acquiring an additional 156,144 shares during the quarter. Victory Capital Management Inc. owned approximately 5.06% of Kulicke and Soffa Industries worth $89,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Kulicke and Soffa Industries by 3,534.6% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 461,555 shares of the semiconductor company’s stock valued at $15,222,000 after acquiring an additional 448,856 shares during the period. Edgestream Partners L.P. purchased a new stake in Kulicke and Soffa Industries in the 1st quarter worth approximately $7,064,000. MQS Management LLC acquired a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at $392,000. Envestnet Asset Management Inc. grew its stake in Kulicke and Soffa Industries by 0.6% in the first quarter. Envestnet Asset Management Inc. now owns 166,647 shares of the semiconductor company’s stock worth $5,496,000 after purchasing an additional 996 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Kulicke and Soffa Industries by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 266,466 shares of the semiconductor company’s stock valued at $8,788,000 after buying an additional 3,667 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $35.90 on Friday. The firm’s 50 day moving average price is $34.31 and its two-hundred day moving average price is $36.78. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The firm has a market cap of $1.89 billion, a PE ratio of 99.72 and a beta of 1.54.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The firm had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same period in the previous year, the company posted ($0.95) earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were paid a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.28%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 227.78%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KLIC shares. DA Davidson cut their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Needham & Company LLC dropped their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, TD Cowen cut their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

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.