Penbrook Management LLC Has $298,000 Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Penbrook Management LLC lessened its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 54.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,600 shares of the semiconductor company’s stock after selling 10,455 shares during the period. Penbrook Management LLC’s holdings in Kulicke and Soffa Industries were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Kulicke and Soffa Industries by 789.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 821 shares during the period. Ameritas Advisory Services LLC bought a new position in Kulicke and Soffa Industries during the second quarter worth $34,000. Fifth Third Bancorp raised its stake in 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 worth $40,000 after buying an additional 606 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 worth $41,000 after buying an additional 910 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in 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 worth $45,000 after buying an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock opened at $40.04 on Tuesday. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08. The stock has a market cap of $2.09 billion, a PE ratio of 500.50 and a beta of 1.57. The firm’s 50-day simple moving average is $38.56 and its 200 day simple moving average is $35.06.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly 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. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The business had revenue of $148.41 million for the quarter, compared to analysts’ expectations of $145.48 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

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

Wall Street Analyst Weigh In

KLIC has been the subject of a number of analyst reports. Needham & Company LLC lifted their target price on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a research note on Wednesday, October 8th. B. Riley lifted their price target on shares of Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday. Finally, TD Cowen lifted their price target on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of “Hold” and a consensus target price of $42.00.

Insiders Place Their Bets

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 147,533 shares in the company, valued at $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.

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.