Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Purchased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. raised its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,236 shares of the semiconductor company’s stock after buying an additional 1,486 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Kulicke and Soffa Industries were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pinebridge Investments L.P. grew its holdings in Kulicke and Soffa Industries by 513.0% in the second quarter. Pinebridge Investments L.P. now owns 613 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 513 shares during the period. Ellevest Inc. increased its stake in Kulicke and Soffa Industries by 1,348.8% during the second quarter. Ellevest Inc. now owns 1,217 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 1,133 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter worth about $75,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Kulicke and Soffa Industries in the 3rd quarter valued at about $87,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Kulicke and Soffa Industries by 914.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,049 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 1,847 shares during the period. Institutional investors and hedge funds own 98.95% of the company’s stock.

Wall Street Analyst Weigh In

KLIC has been the topic of several research reports. DA Davidson raised their price target on shares of Kulicke and Soffa Industries from $55.00 to $60.00 in a report on Friday, November 18th. B. Riley cut their target price on shares of Kulicke and Soffa Industries from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Finally, StockNews.com started coverage on shares of Kulicke and Soffa Industries in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Kulicke and Soffa Industries Trading Down 2.2 %

Shares of NASDAQ KLIC opened at $51.39 on Wednesday. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.95 and a 12-month high of $62.16. The company has a market cap of $2.92 billion, a P/E ratio of 7.28 and a beta of 1.33. The stock has a fifty day moving average price of $47.21 and a 200 day moving average price of $44.79.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last announced its quarterly earnings results on Wednesday, November 16th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.28. Kulicke and Soffa Industries had a return on equity of 38.40% and a net margin of 28.83%. The firm had revenue of $286.31 million during the quarter, compared to the consensus estimate of $280.00 million. On average, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.94 EPS for the current fiscal year.

Kulicke and Soffa Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 9th. Stockholders of record on Thursday, December 22nd were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 21st. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 10.76%.

Insider Activity

In other news, EVP Chan Pin Chong sold 800 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $47.60, for a total transaction of $38,080.00. Following the completion of the sale, the executive vice president now directly owns 103,851 shares in the company, valued at $4,943,307.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Chan Pin Chong sold 800 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $47.60, for a total value of $38,080.00. Following the completion of the transaction, the executive vice president now owns 103,851 shares in the company, valued at approximately $4,943,307.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert Nestor Chylak sold 3,178 shares of Kulicke and Soffa Industries stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $48.98, for a total transaction of $155,658.44. Following the completion of the transaction, the senior vice president now directly owns 23,693 shares of the company’s stock, valued at $1,160,483.14. The disclosure for this sale can be found here. Insiders sold 71,749 shares of company stock worth $3,346,757 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

About Kulicke and Soffa Industries

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Kulicke & Soffa Industries, Inc engages in the design, manufacture, and sale of capital equipment and tools used to assemble semiconductor devices, including integrated circuits (“ICs“), high and low powered discrete devices, light-emitting diodes (“LEDs“), and power modules. The firm operates through the Capital Equipment, and Aftermarket Products and Services (APS) segments.

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

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