Kulicke and Soffa Industries, Inc. $KLIC Position Raised by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 789.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 925 shares of the semiconductor company’s stock after buying an additional 821 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Kulicke and Soffa Industries were worth $32,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KLIC. 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 valued at $40,000 after purchasing an additional 606 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Kulicke and Soffa Industries by 280.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 910 shares during the period. Federated Hermes Inc. increased its holdings in shares of Kulicke and Soffa Industries by 1,763.5% during the first quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,305 shares during the period. Menard Financial Group LLC acquired a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at $54,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Kulicke and Soffa Industries during the first quarter valued at $95,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the business’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 completion of the sale, the senior vice president directly owned 147,533 shares in the company, valued at approximately $5,469,048.31. The trade was a 16.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.40% of the company’s stock.

Kulicke and Soffa Industries Price Performance

Shares of Kulicke and Soffa Industries stock opened at $41.99 on Monday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 524.88 and a beta of 1.56. 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 simple moving average of $36.54 and a 200-day simple moving average of $34.51.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $148.41 million during the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The firm’s revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. As a group, equities research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 18th. Kulicke and Soffa Industries’s payout ratio is 1,025.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KLIC shares. Needham & Company LLC raised their price target on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 7th. TD Cowen raised their price target on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

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.