The Manufacturers Life Insurance Company significantly increased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the fourth quarter. According to the company’s latest filing with the Securities and Exchange Commission (SEC), the firm acquired an additional 717,832 shares, bringing its total holdings to 1,762,112 shares. This represents a 68.7% increase in its position.
The investment firm’s stake in Kulicke and Soffa Industries is valued at $82,220,000, representing 3.28% of the semiconductor company’s outstanding shares. Other institutional investors have also adjusted their holdings in the company. Tower Research Capital LLC increased its stake by 9.3%, while Signaturefd LLC grew its position by 35.5%. Commonwealth Equity Services LLC and Personal CFO Solutions LLC also boosted their holdings by 0.6% and 6.5%, respectively. Harbor Capital Advisors Inc. increased its stake by 1.0%.
Analysts have issued various ratings for Kulicke and Soffa Industries stock. StockNews.com upgraded its rating from ‘sell’ to ‘hold’, while Needham & Company LLC maintained a ‘buy’ rating with a $53.00 target price. The stock currently has an average rating of ‘Moderate Buy’ with a consensus price target of $52.00.
Kulicke and Soffa Industries recently reported quarterly earnings of $0.27 per share, missing analysts’ expectations by $0.01. The company also announced a quarterly dividend of $0.205 per share, representing an annualized dividend yield of 2.51%. The stock’s current market capitalization is $1.74 billion, with a PE ratio of 271.83 and a beta of 1.50.
