Harbor Capital Advisors Inc. Purchases 10,483 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Harbor Capital Advisors Inc. raised its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 297.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,012 shares of the semiconductor company’s stock after acquiring an additional 10,483 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Kulicke and Soffa Industries were worth $689,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KLIC. Artemis Investment Management LLP bought a new stake in Kulicke and Soffa Industries during the 1st quarter valued at approximately $26,036,000. Norges Bank bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $18,531,000. Westfield Capital Management Co. LP boosted its position in shares of Kulicke and Soffa Industries by 27.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 620,124 shares of the semiconductor company’s stock worth $33,933,000 after purchasing an additional 132,553 shares in the last quarter. Vanguard Group Inc. lifted its position in Kulicke and Soffa Industries by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company’s stock valued at $142,943,000 after acquiring an additional 128,026 shares in the last quarter. Finally, Hel Ved Capital Management Ltd bought a new position in Kulicke and Soffa Industries in the 4th quarter valued at approximately $6,809,000. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Stock Down 3.5 %

KLIC traded down $1.43 during mid-day trading on Wednesday, reaching $39.65. 527,818 shares of the company traded hands, compared to its average volume of 481,676. The stock has a market capitalization of $2.20 billion, a P/E ratio of -34.52 and a beta of 1.40. The company’s fifty day moving average price is $47.18 and its 200-day moving average price is $48.13. Kulicke and Soffa Industries, Inc. has a 52-week low of $39.00 and a 52-week high of $56.95.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Thursday, June 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KLIC. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. B. Riley lowered their price objective on Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.50.

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.