Teacher Retirement System of Texas Sells 8,074 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Teacher Retirement System of Texas cut its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,598 shares of the semiconductor company’s stock after selling 8,074 shares during the period. Teacher Retirement System of Texas owned about 0.05% of Kulicke and Soffa Industries worth $943,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth about $37,000. Signaturefd LLC lifted its position in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 278 shares during the last quarter. Menard Financial Group LLC acquired a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $54,000. Fifth Third Bancorp lifted its holdings in Kulicke and Soffa Industries by 99.7% during the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 606 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 371 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $35.77 on Tuesday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $53.31. The business’s 50 day moving average price is $34.07 and its two-hundred day moving average price is $36.87. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 99.36 and a beta of 1.54.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The firm had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same period in the previous year, the company earned ($0.95) earnings per share. Kulicke and Soffa Industries’s quarterly revenue was down 5.9% compared to the same quarter last year. Sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Wednesday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio is presently 227.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KLIC. TD Cowen dropped their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. DA Davidson decreased their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC dropped their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.