Kulicke and Soffa Industries, Inc. $KLIC Shares Acquired by Ethic Inc.

Ethic Inc. increased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,238 shares of the semiconductor company’s stock after buying an additional 717 shares during the quarter. Ethic Inc.’s holdings in Kulicke and Soffa Industries were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Kulicke and Soffa Industries by 789.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 821 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted 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 last quarter. Federated Hermes Inc. lifted 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 last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Kulicke and Soffa Industries by 404.2% during the second quarter. Signaturefd LLC now owns 2,304 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 1,847 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Down 3.1%

NASDAQ:KLIC opened at $39.71 on Thursday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 496.38 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. The business’s fifty day moving average price is $39.61 and its 200 day moving average price is $35.85.

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 for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $148.41 million for 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%.Kulicke and Soffa Industries’s quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Equities 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 18th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Kulicke and Soffa Industries’s payout ratio is presently 1,025.00%.

Insiders Place Their Bets

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the transaction, the senior vice president directly owned 147,533 shares of the company’s stock, valued at approximately $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KLIC. 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 report on Thursday, August 7th. B. Riley upped their target price on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Weiss Ratings downgraded Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Needham & Company LLC upped their target price 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. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.