Y Intercept Hong Kong Ltd Grows Stock Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Y Intercept Hong Kong Ltd raised its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 209.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,709 shares of the semiconductor company’s stock after purchasing an additional 51,948 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.15% of Kulicke and Soffa Industries worth $2,654,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KLIC. Ifrah Financial Services Inc. raised its position in Kulicke and Soffa Industries by 3.0% in the 2nd quarter. Ifrah Financial Services Inc. now owns 13,433 shares of the semiconductor company’s stock worth $465,000 after purchasing an additional 386 shares during the period. Meritage Portfolio Management increased its holdings in shares of Kulicke and Soffa Industries by 6.9% in the second quarter. Meritage Portfolio Management now owns 6,983 shares of the semiconductor company’s stock worth $242,000 after buying an additional 452 shares during the period. Ethic Inc. increased its holdings in shares of Kulicke and Soffa Industries by 6.2% in the second quarter. Ethic Inc. now owns 12,238 shares of the semiconductor company’s stock worth $425,000 after buying an additional 717 shares during the period. MassMutual Private Wealth & Trust FSB increased 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 worth $32,000 after buying an additional 821 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kulicke and Soffa Industries by 2.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 877 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

KLIC stock opened at $39.57 on Friday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08. The business’s 50 day moving average price is $39.67 and its two-hundred day moving average price is $35.87. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 494.63 and a beta of 1.57.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The firm had revenue of $148.41 million for the quarter, compared to the consensus estimate of $145.48 million. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.1%. Kulicke and Soffa Industries’s dividend payout ratio is 1,025.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings downgraded Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. B. Riley lifted their price objective on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, TD Cowen lifted their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of “Hold” and an average target price of $42.00.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company’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 sale, the senior vice president owned 147,533 shares in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by insiders.

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.