Cubist Systematic Strategies LLC Purchases Shares of 24,144 Kulicke and Soffa Industries, Inc. $KLIC

Cubist Systematic Strategies LLC purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 24,144 shares of the semiconductor company’s stock, valued at approximately $796,000.

Several other institutional investors have also added to or reduced their stakes in KLIC. Ethic Inc. raised its holdings in Kulicke and Soffa Industries by 34.0% in the 4th quarter. Ethic Inc. now owns 11,862 shares of the semiconductor company’s stock worth $553,000 after purchasing an additional 3,007 shares in the last quarter. LMR Partners LLP bought a new position in Kulicke and Soffa Industries in the 4th quarter worth $327,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Kulicke and Soffa Industries by 2.2% in the 4th 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 in the last quarter. Millennium Management LLC raised its holdings in Kulicke and Soffa Industries by 286.1% in the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company’s stock worth $19,747,000 after purchasing an additional 313,595 shares in the last quarter. Finally, Man Group plc raised its holdings in Kulicke and Soffa Industries by 12.4% in the 4th quarter. Man Group plc now owns 133,482 shares of the semiconductor company’s stock worth $6,228,000 after purchasing an additional 14,680 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the sale, the senior vice president directly owned 147,533 shares of the company’s stock, valued at approximately $5,469,048.31. This represents a 16.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KLIC shares. TD Cowen upped their price objective 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. Needham & Company LLC upped their price objective 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of “Moderate Buy” and an average price target of $44.33.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $37.96 on Wednesday. The company has a 50-day moving average of $35.95 and a 200 day moving average of $34.43. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 474.50 and a beta of 1.57. 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 issued 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. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The company had revenue of $148.41 million during the quarter, compared to analyst estimates of $145.48 million. During the same period last year, the business earned $0.35 EPS. Kulicke and Soffa Industries’s quarterly revenue was down 18.3% compared to the same quarter last year. On average, equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 18th. Kulicke and Soffa Industries’s dividend payout ratio is 1,025.00%.

Kulicke and Soffa Industries Company 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.