Hsbc Holdings PLC Sells 24,128 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Hsbc Holdings PLC reduced its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 75.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,985 shares of the semiconductor company’s stock after selling 24,128 shares during the quarter. Hsbc Holdings PLC’s holdings in Kulicke and Soffa Industries were worth $259,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Kulicke and Soffa Industries by 9.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company’s stock valued at $139,000 after acquiring an additional 254 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Kulicke and Soffa Industries by 7.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,776 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 527 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Kulicke and Soffa Industries by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company’s stock valued at $945,000 after acquiring an additional 534 shares during the period. Fifth Third Bancorp increased its holdings in shares of Kulicke and Soffa Industries by 99.7% during the first 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kulicke and Soffa Industries by 2.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,203 shares of the semiconductor company’s stock worth $1,409,000 after purchasing an additional 660 shares during the period. 98.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. 3.40% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Trading Up 3.9%

NASDAQ KLIC opened at $37.78 on Friday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 472.25 and a beta of 1.57. The firm’s 50 day simple moving average is $35.77 and its 200 day simple moving average is $34.58. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The firm’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th will be given a $0.205 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 1,025.00%.

Analyst Upgrades and Downgrades

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