Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Short Interest Update

Kulicke and Soffa Industries, Inc. (NASDAQ:KLICGet Rating) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,140,000 shares, a decline of 19.7% from the March 15th total of 7,650,000 shares. Based on an average daily volume of 914,400 shares, the days-to-cover ratio is currently 6.7 days. Approximately 10.1% of the company’s shares are sold short.

In related news, Director Chin Hu Lim bought 2,000 shares of the company’s stock in a transaction dated Friday, February 11th. The stock was purchased at an average price of $51.50 per share, for a total transaction of $103,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in shares of Kulicke and Soffa Industries by 2.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 8,466 shares of the semiconductor company’s stock worth $513,000 after acquiring an additional 202 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Kulicke and Soffa Industries by 6.9% in the 3rd quarter. Captrust Financial Advisors now owns 3,690 shares of the semiconductor company’s stock worth $216,000 after acquiring an additional 237 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Kulicke and Soffa Industries by 5.3% in the 3rd quarter. CIBC Asset Management Inc now owns 5,068 shares of the semiconductor company’s stock worth $295,000 after acquiring an additional 254 shares in the last quarter. Fieldpoint Private Securities LLC raised its position in shares of Kulicke and Soffa Industries by 46.5% in the 4th quarter. Fieldpoint Private Securities LLC now owns 844 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 268 shares in the last quarter. Finally, Kepos Capital LP raised its position in shares of Kulicke and Soffa Industries by 16.1% in the 4th quarter. Kepos Capital LP now owns 2,287 shares of the semiconductor company’s stock worth $138,000 after acquiring an additional 317 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Shares of KLIC stock opened at $51.44 on Tuesday. Kulicke and Soffa Industries has a twelve month low of $43.41 and a twelve month high of $75.29. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 7.21 and a beta of 1.25. The stock has a fifty day simple moving average of $54.19 and a two-hundred day simple moving average of $55.95.

Kulicke and Soffa Industries (NASDAQ:KLICGet Rating) last issued its earnings results on Wednesday, February 2nd. The semiconductor company reported $2.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.27. Kulicke and Soffa Industries had a return on equity of 45.90% and a net margin of 26.45%. The business had revenue of $460.89 million during the quarter, compared to analysts’ expectations of $460.00 million. During the same period in the prior year, the business earned $0.86 EPS. Analysts forecast that Kulicke and Soffa Industries will post 6.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 11th. Shareholders of record on Thursday, March 24th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, March 23rd. Kulicke and Soffa Industries’s dividend payout ratio is 9.54%.

Kulicke and Soffa Industries announced that its Board of Directors has authorized a stock buyback program on Thursday, March 3rd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 13.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on Kulicke and Soffa Industries in a report on Thursday, March 31st. They set a “buy” rating for the company. Needham & Company LLC cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Friday, February 4th. B. Riley cut Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $59.00 in a report on Tuesday, April 12th. Finally, Zacks Investment Research cut Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.20.

About Kulicke and Soffa Industries (Get Rating)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.

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