Cwm LLC Acquires 426 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Cwm LLC boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 120.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 779 shares of the semiconductor company’s stock after purchasing an additional 426 shares during the quarter. Cwm LLC’s holdings in Kulicke and Soffa Industries were worth $43,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in shares of Kulicke and Soffa Industries by 224.6% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after buying an additional 465 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Kulicke and Soffa Industries by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock worth $188,000 after acquiring an additional 353 shares in the last quarter. Atlas Brown Inc. bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth approximately $211,000. AlphaMark Advisors LLC purchased a new stake in Kulicke and Soffa Industries during the third quarter valued at approximately $218,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at approximately $240,000. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong bought 1,000 shares of Kulicke and Soffa Industries stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average price of $47.51 per share, with a total value of $47,510.00. Following the completion of the acquisition, the director now directly owns 92,072 shares in the company, valued at approximately $4,374,340.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kulicke and Soffa Industries news, SVP Robert Nestor Chylak sold 8,771 shares of Kulicke and Soffa Industries stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the transaction, the senior vice president now owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter T. M. Kong purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was acquired at an average price of $47.51 per share, with a total value of $47,510.00. Following the purchase, the director now owns 92,072 shares in the company, valued at $4,374,340.72. The disclosure for this purchase can be found here. Company insiders own 0.03% of the company’s stock.

Kulicke and Soffa Industries Stock Down 0.5 %

Shares of Kulicke and Soffa Industries stock opened at $47.95 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $40.20 and a 52-week high of $60.20. The firm’s 50 day moving average price is $48.14 and its 200-day moving average price is $49.29. The company has a market cap of $2.66 billion, a P/E ratio of -40.29 and a beta of 1.48.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.19). The business had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $170.20 million. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. As a group, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.2 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a yield of 1.67%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently -67.23%.

Analysts Set New Price Targets

A number of analysts recently issued reports on KLIC shares. Needham & Company LLC restated a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. B. Riley dropped their price target on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Finally, TheStreet lowered shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries has an average rating of “Hold” and a consensus price target of $59.00.

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.