4,823 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Purchased by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,823 shares of the semiconductor company’s stock, valued at approximately $237,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at approximately $29,000. CWM LLC lifted its holdings in Kulicke and Soffa Industries by 53.4% in the first quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 416 shares during the period. Blue Trust Inc. boosted its position in shares of Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 1,366 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Kulicke and Soffa Industries during the 2nd quarter worth $73,000. Finally, nVerses Capital LLC increased its holdings in shares of Kulicke and Soffa Industries by 1,900.0% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Craig Hallum decreased their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen decreased their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.33.

Kulicke and Soffa Industries Trading Down 0.3 %

NASDAQ:KLIC opened at $42.04 on Thursday. The company has a market capitalization of $2.33 billion, a P/E ratio of -35.33 and a beta of 1.38. The firm has a 50-day moving average price of $42.73 and a two-hundred day moving average price of $46.02. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The business had revenue of $181.70 million during the quarter, compared to analysts’ expectations of $179.28 million. During the same period last year, the company posted $0.55 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that Kulicke and Soffa Industries, Inc. will post -0.45 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.90%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

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.