Personal CFO Solutions LLC Acquires 341 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Personal CFO Solutions LLC grew its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,576 shares of the semiconductor company’s stock after acquiring an additional 341 shares during the period. Personal CFO Solutions LLC’s holdings in Kulicke and Soffa Industries were worth $260,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KLIC. Advisors Asset Management Inc. raised its position in Kulicke and Soffa Industries by 137.5% in the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 414 shares during the period. GAMMA Investing LLC raised its position in Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 387 shares during the period. Public Employees Retirement System of Ohio bought a new position in Kulicke and Soffa Industries in the third quarter worth approximately $53,000. Smartleaf Asset Management LLC raised its position in Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 918 shares during the period. Finally, KBC Group NV raised its position in Kulicke and Soffa Industries by 93.2% in the fourth quarter. KBC Group NV now owns 2,898 shares of the semiconductor company’s stock worth $135,000 after acquiring an additional 1,398 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock opened at $36.19 on Tuesday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 301.58 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a one year low of $33.28 and a one year high of $53.71. The company’s fifty day moving average price is $43.14 and its 200-day moving average price is $44.60.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results 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 net margin of 0.48% and a negative return on equity of 1.26%. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.27%. Kulicke and Soffa Industries’s dividend payout ratio is currently 683.33%.

Kulicke and Soffa Industries announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

KLIC has been the topic of several recent research reports. StockNews.com upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. DA Davidson decreased their price objective on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, TD Cowen raised their price objective on shares of Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Kulicke and Soffa Industries Company 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.