Swiss National Bank Sells 2,800 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Swiss National Bank decreased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,400 shares of the semiconductor company’s stock after selling 2,800 shares during the period. Swiss National Bank owned 0.20% of Kulicke and Soffa Industries worth $3,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Kulicke and Soffa Industries by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 3,476,131 shares of the semiconductor company’s stock valued at $114,643,000 after purchasing an additional 197,619 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Kulicke and Soffa Industries by 22.0% during the 1st quarter. Legacy Capital Group California Inc. now owns 15,858 shares of the semiconductor company’s stock valued at $523,000 after purchasing an additional 2,860 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $256,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Kulicke and Soffa Industries by 10.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 13,995 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 1,296 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Kulicke and Soffa Industries by 244.8% during the 1st quarter. XTX Topco Ltd now owns 24,303 shares of the semiconductor company’s stock valued at $802,000 after purchasing an additional 17,254 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total value of $1,112,100.00. Following the transaction, the senior vice president owned 147,533 shares in the company, valued at $5,469,048.31. This trade represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $35.89 on Thursday. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08. The stock has a 50 day moving average price of $35.15 and a two-hundred day moving average price of $34.93. The stock has a market capitalization of $1.87 billion, a PE ratio of 448.63 and a beta of 1.52.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The firm had revenue of $148.41 million during the quarter, compared to analysts’ expectations of $145.48 million. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was down 18.3% compared to the same quarter last year. Research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 1,025.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on KLIC shares. TD Cowen upped their target price on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. DA Davidson reduced their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC raised their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.33.

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.