Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 297.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,012 shares of the semiconductor company’s stock after buying an additional 10,483 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Kulicke and Soffa Industries were worth $689,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its holdings in shares of Kulicke and Soffa Industries by 8.8% during the fourth quarter. Raymond James & Associates now owns 34,787 shares of the semiconductor company’s stock worth $1,904,000 after purchasing an additional 2,822 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Kulicke and Soffa Industries in the fourth quarter valued at about $240,000. Yorktown Management & Research Co Inc raised its position in Kulicke and Soffa Industries by 68.5% in the fourth quarter. Yorktown Management & Research Co Inc now owns 12,300 shares of the semiconductor company’s stock valued at $673,000 after purchasing an additional 5,000 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth about $1,549,000. Finally, Mackenzie Financial Corp increased its position in shares of Kulicke and Soffa Industries by 22.2% during the fourth quarter. Mackenzie Financial Corp now owns 27,138 shares of the semiconductor company’s stock worth $1,485,000 after acquiring an additional 4,923 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Down 3.5 %

KLIC stock traded down $1.43 during midday trading on Wednesday, reaching $39.65. The company had a trading volume of 527,818 shares, compared to its average volume of 481,676. The stock has a 50 day moving average price of $47.18 and a 200 day moving average price of $48.13. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $39.00 and a fifty-two week high of $56.95. The firm has a market capitalization of $2.20 billion, a PE ratio of -34.52 and a beta of 1.40.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th were paid a $0.20 dividend. The ex-dividend date was Thursday, June 20th. This represents a $0.80 dividend on an annualized basis and a yield of 2.02%. Kulicke and Soffa Industries’s payout ratio is currently -67.23%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley dropped their target price on Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Kulicke and Soffa Industries has an average rating of “Hold” and a consensus price target of $53.50.

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.