State of Wyoming Sells 2,303 Shares of Kulicke and Soffa Industries, Inc. $KLIC

State of Wyoming lessened its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 64.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,275 shares of the semiconductor company’s stock after selling 2,303 shares during the period. State of Wyoming’s holdings in Kulicke and Soffa Industries were worth $42,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ethic Inc. grew its position in shares of Kulicke and Soffa Industries by 34.0% during the 4th quarter. Ethic Inc. now owns 11,862 shares of the semiconductor company’s stock valued at $553,000 after acquiring an additional 3,007 shares during the period. LMR Partners LLP bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at $327,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kulicke and Soffa Industries by 2.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,203 shares of the semiconductor company’s stock valued at $1,409,000 after acquiring an additional 660 shares during the period. Millennium Management LLC grew its position in shares of Kulicke and Soffa Industries by 286.1% during the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company’s stock valued at $19,747,000 after acquiring an additional 313,595 shares during the period. Finally, Man Group plc grew its position in shares of Kulicke and Soffa Industries by 12.4% during the 4th quarter. Man Group plc now owns 133,482 shares of the semiconductor company’s stock valued at $6,228,000 after acquiring an additional 14,680 shares during the period. Institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KLIC shares. TD Cowen boosted their price objective on shares of 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. Needham & Company LLC boosted their price objective on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.33.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction 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. The trade was a 16.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $37.97 on Thursday. The company has a market capitalization of $1.98 billion, a P/E ratio of 474.63 and a beta of 1.57. The company has a fifty day moving average of $35.98 and a 200 day moving average of $34.45. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08.

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

Kulicke and Soffa Industries Announces Dividend

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

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.