Healthcare of Ontario Pension Plan Trust Fund Invests $1.33 Million in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,000 shares of the semiconductor company's stock, valued at approximately $1,328,000.

Other institutional investors also recently added to or reduced their stakes in the company. Winslow Asset Management Inc. bought a new position in Kulicke and Soffa Industries during the 4th quarter worth about $204,000. Wellington Management Group LLP lifted its position in shares of Kulicke and Soffa Industries by 6.6% during the fourth quarter. Wellington Management Group LLP now owns 100,880 shares of the semiconductor company's stock valued at $5,520,000 after buying an additional 6,290 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kulicke and Soffa Industries by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,713,210 shares of the semiconductor company's stock worth $148,467,000 after purchasing an additional 42,778 shares during the last quarter. Napatree Capital LLC purchased a new position in Kulicke and Soffa Industries during the 4th quarter worth $676,000. Finally, CWM LLC grew its stake in shares of Kulicke and Soffa Industries by 53.4% during the first quarter. CWM LLC now owns 1,195 shares of the semiconductor company's stock worth $60,000 after acquiring an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock traded down $0.53 on Tuesday, hitting $44.43. 233,464 shares of the stock traded hands, compared to its average volume of 489,224. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $56.71. The stock has a market capitalization of $2.46 billion, a PE ratio of -37.30 and a beta of 1.38. The firm's 50-day moving average price is $42.26 and its two-hundred day moving average price is $45.79.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The business had revenue of $181.70 million for the quarter, compared to analyst estimates of $179.28 million. During the same quarter in the prior year, the company posted $0.55 EPS. The company's quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Thursday, September 19th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 annualized dividend and a yield of 1.80%. Kulicke and Soffa Industries's dividend payout ratio is presently -67.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KLIC shares. TD Cowen decreased their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, August 8th. Craig Hallum dropped their price target on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $47.33.

About Kulicke and Soffa Industries

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.