Several institutional investors have recently traded shares of Kulicke and Soffa Industries (KLIC). First Eagle Investment Management increased its holdings by 8.1%, owning 205,299 shares valued at $10.3 million after purchasing 15,350 more shares. Heartland Advisors raised its stake by 813%, holding 95,606 shares worth $4.8 million after acquiring 85,134 additional shares. Russell Investments boosted its position by 26.8%, now owning 460,704 shares valued at $23.2 million. TimesSquare Capital Management increased its holdings by 8.1% to 648,357 shares worth $32.6 million, while Olstein Capital Management raised its stake by 15.9%, owning 201,000 shares valued at $10.1 million. Overall, institutional investors control 98.22% of KLIC’s stock.
Analyst Ratings
Various brokerages have updated their ratings on KLIC. TD Cowen reduced its price target from $52.00 to $45.00, maintaining a hold rating. Craig Hallum lowered its target from $55.00 to $50.00 but kept a buy rating. Currently, three analysts rate the stock as hold and one as buy, with an average target of $47.33 according to MarketBeat.com.
View Our Latest Stock Report on KLIC
KLIC Stock Performance
KLIC opened at $45.08 on Friday, with a 52-week range of $38.20 to $56.71. It has a market cap of $2.5 billion and a P/E ratio of -37.88. In its recent quarterly earnings, KLIC reported an EPS of $0.35, surpassing estimates of $0.30. Revenue was $181.7 million, slightly above expectations of $179.3 million, but down 4.8% from last year.
Dividend Announcement
KLIC will pay a quarterly dividend of $0.20 per share on October 8th to investors of record as of September 19th, with an annual yield of 1.77%. The dividend payout ratio is -67.23%.
Company Overview
Kulicke and Soffa Industries designs and manufactures equipment used to assemble semiconductor devices. The company has four segments: Ball Bonding, Wedge Bonding, Advanced Solutions, and Aftermarket Products.
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