Several institutional investors have traded shares of Kulicke and Soffa Industries (KLIC). Notable moves include:
– First Eagle Investment Management increased its stake by 8.1%, owning 205,299 shares worth $10.3 million after buying 15,350 shares.
– Heartland Advisors raised its position by 813%, now holding 95,606 shares valued at $4.8 million after adding 85,134 shares.
– Russell Investments grew its stake by 26.8% to 460,704 shares worth $23.2 million after acquiring 97,278 shares.
– TimesSquare Capital increased its holdings by 8.1% to 648,357 shares valued at $32.6 million after buying 48,590 shares.
– Olstein Capital raised its position by 15.9%, now owning 201,000 shares valued at $10.1 million after adding 27,597 shares.
Overall, institutional and hedge funds hold 98.22% of KLIC’s shares.
Analyst Ratings
Recent analyst updates on KLIC include:
– TD Cowen lowered its price target from $52 to $45 and rated it hold.
– Craig Hallum reduced its target from $55 to $50 while maintaining a buy rating.
Currently, KLIC holds a consensus rating of Hold with an average price target of $47.33.
KLIC Stock Performance
On Friday, KLIC opened at $45.08, with a 52-week range of $38.20 to $56.71. The company has a market cap of $2.5 billion and a P/E ratio of -37.88. Recently, KLIC reported $0.35 EPS for the last quarter, exceeding expectations of $0.30. However, revenue decreased by 4.8% year-over-year to $181.7 million. Analysts project -0.45 EPS for this year.
Dividend Information
KLIC announced a quarterly dividend of $0.20 per share, payable on October 8. The annual dividend amounts to $0.80, giving a yield of 1.77%, with a current payout ratio of -67.23%.
Kulicke and Soffa Overview
Kulicke and Soffa Industries, Inc. designs and manufactures equipment for semiconductor assembly. The company operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services.
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