Assenagon Asset Management S.A. bought a new position in the shares of Kulicke and Soffa Industries Inc. (NASDAQ: KLIC) during the third quarter, the company said in its latest report with the Securities and Exchange Commission. The Company acquired 118,802 shares of a semiconductor company, which amounted to approximately USD 2,832,000. Assenagon Asset Management S.A. owned approximately 0.18% of Kulicke and Soffa Industries at the end of the last quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares. Congress Asset Management Co. increased its position in Kulicke and Soffa Industries by 11.0% during the third quarter. Kong Asset Management Co. now owns 168,639 shares of a semiconductor company worth $ 4,020,000 after acquiring another 16,669 shares in the last quarter. Peregrine Capital Management LLC earned a new stake in Kulicke and Soffa Industries in the third quarter of approximately $ 6,403,000. Foundry Partners LLC increased its position in Kulicke and Soffa Industries by 2.5% in the third quarter. Foundry Partners LLC now owns 426,482 shares of a semiconductor company, worth $ 10,167,000, after having bought another 10,288 shares in the last quarter. Fox Run Management L.L.C. earned a new share in Kulicke and Soffa Industries in the third quarter of approximately $ 260,000. Finally, Juncture Wealth Strategies LLC acquired a new stake in Kulicke and Soffa Industries in the third quarter, worth approximately $ 283,000. Institutional investors and hedge funds own 83.47% of the Company's shares.
The shares of Kulicke and Soffa Industries were open at $ 21.33 on Wednesday. Kulicke and Soffa Industries Inc. he is fifty-two weeks low of $ 19.29 and a fifty-two-week high of $ 28.71. The company has a current ratio of 5.02, a fast 4.42 ratio and a debt ratio of 0.02. The company has a market capitalization of $ 1.47 billion, a price / earnings ratio of 13.76, a P / E / G ratio of 0.79 and a beta of 1.24.
Kulicke and Soffa Industries announced that its Board of Directors approved a share buyback plan on Tuesday, July 10, which allows the company to buy back $ 100 million of uncollectible shares. This resale authorization entitles a semiconductor company to purchase up to 5.6% of its shares through open market purchases. Redemption plans are usually signs that the board of directors is convinced that its share is undervalued.
Business has also recently announced a quarterly dividend that was paid on Monday, October 15th. Shareholders who recorded on Thursday, September 27, received a dividend of $ 0.12. The distribution date of this dividend was on Wednesday 26 September. This is a $ 0.48 dividend on an annualized basis and a yield of 2.25%. Soffa Industries's cash and dividends are currently 30.97%.
Many analysts considered the state of stocks. Zacks Investment Research reduced Kulicke and Soffa Industries shares from the "hold" on the "sell" rating in a research report Thursday, July 12. ValuEngine upgraded Kulicke and Soffa Industries shares from "buy-in" ratings to "buy" in a research report Saturday, July 14th. B. Riley raised his target price to Kulicke and Soffa Industries from $ 36.00 to $ 38.00, and on Wednesday, July 11, awarded the "buy" rating to a research report. Finally, BidaskClub reduced Kulicke and Soffa Industries shares from a "sell" rating to "strong sales" in a research report Saturday, September 29th. Three investment analysts rated the deal with a sell rating, one rated and three awards for the company's stock. Shares currently have a consensus rating of "Hold" and a consensual target price of $ 29.70.
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Company profile Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc. designs, manufactures and sells capital equipment and consumables for the assembly of semiconductor devices. It works in two segments, Capital Equipment and Aftermarket Products and Services (APS). Segment Capital Equipment manufactures and markets a range of ball bearings, cotton pad adhesives, wedge adhesives, advanced packaging and electronic assembly solutions.
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