Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,101 shares of the semiconductor company’s stock after selling 848 shares during the quarter. Amalgamated Bank’s holdings in Kulicke and Soffa Industries were worth $727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Creative Planning boosted its stake in shares of Kulicke and Soffa Industries by 3.4% in the second quarter. Creative Planning now owns 11,384 shares of the semiconductor company’s stock worth $560,000 after buying an additional 372 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Kulicke and Soffa Industries by 226.3% in the third quarter. Signaturefd LLC now owns 783 shares of the semiconductor company’s stock worth $35,000 after buying an additional 543 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Kulicke and Soffa Industries in the first quarter worth about $29,000. Donald L. Hagan LLC boosted its stake in shares of Kulicke and Soffa Industries by 10.6% in the second quarter. Donald L. Hagan LLC now owns 6,525 shares of the semiconductor company’s stock worth $321,000 after buying an additional 626 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 7.6% in the first quarter. ProShare Advisors LLC now owns 11,212 shares of the semiconductor company’s stock worth $564,000 after buying an additional 788 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

NASDAQ KLIC opened at $46.19 on Friday. The company has a market cap of $2.52 billion, a PE ratio of -37.55 and a beta of 1.38. The stock’s 50 day simple moving average is $44.12 and its 200-day simple moving average is $45.37. Kulicke and Soffa Industries, Inc. has a 1-year low of $38.20 and a 1-year high of $56.71.

Kulicke and Soffa Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Thursday, December 19th. This is an increase from Kulicke and Soffa Industries’s previous quarterly dividend of $0.20. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -65.04%.

Kulicke and Soffa Industries announced that its board has approved a stock repurchase plan on Wednesday, November 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on KLIC shares. TD Cowen increased their price target on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday. Needham & Company LLC upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Friday. StockNews.com downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. DA Davidson lowered their price target on Kulicke and Soffa Industries from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Craig Hallum lowered their price target on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.40.

Kulicke and Soffa Industries 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.