Bank of Montreal Can Has $70,000 Stock Holdings in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

Bank of Montreal Can lessened its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 90.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,020 shares of the semiconductor company’s stock after selling 30,014 shares during the period. Bank of […]

Bank of Montreal Can lessened its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 90.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,020 shares of the semiconductor company’s stock after selling 30,014 shares during the period. Bank of Montreal Can’s holdings in Kulicke and Soffa Industries were worth $70,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLIC. ARGA Investment Management LP raised its holdings in Kulicke and Soffa Industries by 0.9% in the 2nd quarter. ARGA Investment Management LP now owns 2,003,820 shares of the semiconductor company’s stock worth $41,740,000 after purchasing an additional 17,815 shares in the last quarter. State Street Corp grew its position in shares of Kulicke and Soffa Industries by 16.6% in the 1st quarter. State Street Corp now owns 908,091 shares of the semiconductor company’s stock worth $19,059,000 after buying an additional 129,451 shares during the period. Russell Investments Group Ltd. grew its position in shares of Kulicke and Soffa Industries by 1,396.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 666,863 shares of the semiconductor company’s stock worth $13,874,000 after buying an additional 622,296 shares during the period. Geode Capital Management LLC grew its position in shares of Kulicke and Soffa Industries by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 555,135 shares of the semiconductor company’s stock worth $11,585,000 after buying an additional 3,054 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Kulicke and Soffa Industries by 71.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 339,317 shares of the semiconductor company’s stock worth $7,082,000 after buying an additional 141,149 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Chan Pin Chong sold 1,662 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $25.33, for a total value of $42,098.46. Following the completion of the transaction, the executive vice president now owns 81,281 shares of the company’s stock, valued at approximately $2,058,847.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 6,762 shares of company stock valued at $169,633 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on KLIC. TheStreet upgraded shares of Kulicke and Soffa Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 30th. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub upgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kulicke and Soffa Industries has a consensus rating of “Hold” and a consensus target price of $29.20.

Shares of KLIC opened at $22.40 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 32.94 and a beta of 1.28. Kulicke and Soffa Industries Inc. has a 12 month low of $16.91 and a 12 month high of $28.66. The company has a 50-day moving average price of $23.75 and a two-hundred day moving average price of $22.76.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. Kulicke and Soffa Industries had a net margin of 7.33% and a return on equity of 6.75%. The firm had revenue of $150.45 million during the quarter, compared to analysts’ expectations of $150.00 million. On average, analysts expect that Kulicke and Soffa Industries Inc. will post 0.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Friday, September 25th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, September 24th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 104.35%.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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