Creative Planning Buys 14,480 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Creative Planning raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 127.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,864 shares of the semiconductor company’s stock after purchasing an additional 14,480 shares during the quarter. Creative Planning’s holdings in Kulicke and Soffa Industries were worth $1,167,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at approximately $29,000. Blue Trust Inc. lifted its stake in Kulicke and Soffa Industries by 17,075.0% in the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 1,366 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter valued at about $73,000. CWM LLC increased its stake in shares of Kulicke and Soffa Industries by 101.8% during the 3rd quarter. CWM LLC now owns 1,923 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 970 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of Kulicke and Soffa Industries by 1,900.0% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TD Cowen lowered their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Craig Hallum reduced their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries has an average rating of “Hold” and an average price target of $47.33.

Kulicke and Soffa Industries Stock Down 2.6 %

Kulicke and Soffa Industries stock opened at $44.86 on Friday. The company’s 50-day moving average price is $43.10 and its two-hundred day moving average price is $45.29. The stock has a market cap of $2.45 billion, a P/E ratio of -43.13 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $181.70 million for the quarter, compared to analyst estimates of $179.28 million. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.78%. Kulicke and Soffa Industries’s payout ratio is presently -76.92%.

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.