Mission Wealth Management LP Has $233,000 Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Mission Wealth Management LP decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 18.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,000 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Mission Wealth Management LP’s holdings in Kulicke and Soffa Industries were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KLIC. Royce & Associates LP lifted its holdings in Kulicke and Soffa Industries by 20.3% in the third quarter. Royce & Associates LP now owns 1,111,312 shares of the semiconductor company’s stock valued at $50,154,000 after buying an additional 187,673 shares during the period. Pinpoint Asset Management Ltd acquired a new position in Kulicke and Soffa Industries in the third quarter valued at $4,062,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Kulicke and Soffa Industries by 105.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,079 shares of the semiconductor company’s stock valued at $6,593,000 after buying an additional 75,043 shares during the period. TimesSquare Capital Management LLC lifted its holdings in Kulicke and Soffa Industries by 16.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company’s stock valued at $24,768,000 after buying an additional 74,920 shares during the period. Finally, Systematic Financial Management LP increased its stake in Kulicke and Soffa Industries by 59.7% in the third quarter. Systematic Financial Management LP now owns 140,269 shares of the semiconductor company’s stock valued at $6,330,000 after purchasing an additional 52,419 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KLIC. DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 15th. 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. StockNews.com raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, TD Cowen lifted their price target on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Three investment 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 presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Robert Nestor Chylak sold 11,391 shares of Kulicke and Soffa Industries stock in a transaction on Monday, December 9th. The shares were sold at an average price of $49.52, for a total value of $564,082.32. Following the transaction, the senior vice president now owns 20,838 shares in the company, valued at $1,031,897.76. This trade represents a 35.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.40% of the company’s stock.

Kulicke and Soffa Industries Price Performance

NASDAQ:KLIC opened at $37.36 on Friday. The firm has a 50-day moving average of $43.54 and a 200-day moving average of $44.67. The company has a market cap of $1.99 billion, a PE ratio of 311.33 and a beta of 1.36. Kulicke and Soffa Industries, Inc. has a one year low of $36.13 and a one year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share (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, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.19%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 683.33%.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 11.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.