State of New Jersey Common Pension Fund D Acquires 10,617 Shares of Kulicke and Soffa Industries, Inc. $KLIC

State of New Jersey Common Pension Fund D lifted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 22.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 58,383 shares of the semiconductor company’s stock after buying an additional 10,617 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kulicke and Soffa Industries were worth $2,020,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Kulicke and Soffa Industries by 789.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 821 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Kulicke and Soffa Industries in the 2nd quarter worth about $34,000. Caitong International Asset Management Co. Ltd raised its position in shares of Kulicke and Soffa Industries by 280.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 910 shares in the last quarter. Federated Hermes Inc. increased its position in Kulicke and Soffa Industries by 1,763.5% in the 1st quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 1,305 shares in the last quarter. Finally, Signaturefd LLC increased its position in Kulicke and Soffa Industries by 404.2% in the 2nd quarter. Signaturefd LLC now owns 2,304 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 1,847 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Stock Down 0.4%

Shares of NASDAQ KLIC opened at $39.57 on Friday. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The stock’s 50 day moving average price is $39.67 and its 200-day moving average price is $35.87. The company has a market capitalization of $2.06 billion, a PE ratio of 494.63 and a beta of 1.57.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $148.41 million for the quarter, compared to analysts’ expectations 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 revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. As a group, research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 18th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Kulicke and Soffa Industries’s payout ratio is 1,025.00%.

Insider Activity at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of Kulicke and Soffa Industries 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 of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Needham & Company LLC boosted their target price on 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. TD Cowen boosted their target price on 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. Weiss Ratings lowered Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Finally, B. Riley boosted their target price on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Two investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.00.

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.