Victory Capital Management Inc. Decreases Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Victory Capital Management Inc. lowered its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,745,789 shares of the semiconductor company’s stock after selling 220,424 shares during the quarter. Victory Capital Management Inc. owned 5.04% of Kulicke and Soffa Industries worth $123,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Kulicke and Soffa Industries by 37.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company’s stock valued at $52,918,000 after acquiring an additional 291,787 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Kulicke and Soffa Industries by 22.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company’s stock worth $66,319,000 after purchasing an additional 264,638 shares during the last quarter. DDD Partners LLC purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter worth about $8,163,000. Emerald Advisers LLC grew its holdings in shares of Kulicke and Soffa Industries by 57.5% during the second quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company’s stock worth $21,791,000 after buying an additional 161,791 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Kulicke and Soffa Industries by 61.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 355,675 shares of the semiconductor company’s stock valued at $17,496,000 after buying an additional 135,444 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Price Performance

KLIC opened at $48.04 on Wednesday. The company has a 50-day moving average of $43.72 and a 200-day moving average of $45.35. Kulicke and Soffa Industries, Inc. has a 1-year low of $38.20 and a 1-year high of $56.71.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 1.67%. Kulicke and Soffa Industries’s payout ratio is -76.92%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KLIC. TD Cowen reduced their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Craig Hallum reduced their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com cut Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.33.

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.