Illinois Municipal Retirement Fund Has $1.83 Million Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Illinois Municipal Retirement Fund increased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,510 shares of the semiconductor company’s stock after acquiring an additional 562 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Kulicke and Soffa Industries were worth $1,834,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Kulicke and Soffa Industries by 224.6% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after buying an additional 465 shares in the last quarter. CWM LLC grew its holdings in Kulicke and Soffa Industries by 120.7% during the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after buying an additional 426 shares in the last quarter. Atlas Brown Inc. bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth $211,000. Allspring Global Investments Holdings LLC grew its holdings in Kulicke and Soffa Industries by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after buying an additional 353 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth $240,000. Institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $46.16 on Friday. The stock has a fifty day moving average of $48.54 and a 200-day moving average of $49.22. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 51.29 and a beta of 1.47. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $40.20 and a fifty-two week high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $171.19 million for the quarter, compared to analysts’ expectations of $170.00 million. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. During the same quarter last year, the firm posted $0.37 EPS. Equities analysts predict that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were given a dividend of $0.20 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 88.89%.

Insider Activity

In related news, SVP Robert Nestor Chylak sold 8,771 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the transaction, the senior vice president now directly owns 24,240 shares in the company, valued at approximately $1,187,032.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet downgraded Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st.

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.