Illinois Municipal Retirement Fund Sells 2,555 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Illinois Municipal Retirement Fund lessened its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,955 shares of the semiconductor company’s stock after selling 2,555 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Kulicke and Soffa Industries worth $1,557,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Westfield Capital Management Co. LP increased its stake in Kulicke and Soffa Industries by 27.2% in the fourth quarter. Westfield Capital Management Co. LP now owns 620,124 shares of the semiconductor company’s stock valued at $33,933,000 after purchasing an additional 132,553 shares in the last quarter. Norges Bank acquired a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $18,531,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $981,000. Victory Capital Management Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 3.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,995,493 shares of the semiconductor company’s stock valued at $163,913,000 after buying an additional 91,934 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $4,635,000. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

KLIC has been the subject of several research analyst reports. B. Riley reduced their price target on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Kulicke and Soffa Industries in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.50.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, Director Peter T. M. Kong purchased 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $47.51 per share, for a total transaction of $47,510.00. Following the completion of the purchase, the director now directly owns 92,072 shares in the company, valued at approximately $4,374,340.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Kulicke and Soffa Industries Trading Up 1.7 %

Shares of KLIC opened at $52.48 on Monday. Kulicke and Soffa Industries, Inc. has a 12 month low of $40.20 and a 12 month high of $59.99. The firm has a fifty day simple moving average of $47.42 and a 200 day simple moving average of $48.73. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -44.10 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The business had revenue of $172.10 million for the quarter, compared to analyst estimates of $170.20 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post -0.31 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, June 20th. Kulicke and Soffa Industries’s dividend payout ratio is currently -67.23%.

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.