D.A. Davidson & CO. Has $427,000 Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Posted by Defense World Staff on Jul 18th, 2023

D.A. Davidson & CO. lifted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 5.7% during the first quarter, Holdings Channel.com reports. The fund owned 8,110 shares of the semiconductor company’s stock after buying an additional 436 shares during the period. D.A. Davidson & CO.’s holdings in Kulicke and Soffa Industries were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mackenzie Financial Corp increased its position in Kulicke and Soffa Industries by 60.7% during the first quarter. Mackenzie Financial Corp now owns 19,435 shares of the semiconductor company’s stock worth $1,024,000 after buying an additional 7,342 shares during the last quarter. Inspire Investing LLC acquired a new position in Kulicke and Soffa Industries during the first quarter worth approximately $502,000. Toth Financial Advisory Corp increased its position in Kulicke and Soffa Industries by 9,350.0% during the first quarter. Toth Financial Advisory Corp now owns 9,450 shares of the semiconductor company’s stock worth $498,000 after buying an additional 9,350 shares during the last quarter. Congress Asset Management Co. MA increased its position in Kulicke and Soffa Industries by 7.3% during the first quarter. Congress Asset Management Co. MA now owns 178,694 shares of the semiconductor company’s stock worth $9,415,000 after buying an additional 12,081 shares during the last quarter. Finally, Atlas Brown Inc. acquired a new position in Kulicke and Soffa Industries during the first quarter worth approximately $211,000. Institutional investors and hedge funds own 99.73% of the company’s stock.

Kulicke and Soffa Industries Stock Up 2.4 %

Shares of NASDAQ:KLIC opened at $59.34 on Tuesday. Kulicke and Soffa Industries, Inc. has a 12-month low of $35.95 and a 12-month high of $60.20. The stock has a market cap of $3.36 billion, a PE ratio of 16.48 and a beta of 1.40. The business has a 50 day moving average of $54.67 and a 200-day moving average of $52.17.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last issued its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. Kulicke and Soffa Industries had a return on equity of 20.08% and a net margin of 21.19%. The company had revenue of $173.00 million during the quarter, compared to analysts’ expectations of $171.01 million. During the same quarter in the previous year, the company posted $1.95 earnings per share. The business’s revenue was down 55.0% on a year-over-year basis. Equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 1.53 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 22nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, June 21st. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 21.11%.

Insider Activity at Kulicke and Soffa Industries

In related news, EVP Chan Pin Chong sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president now directly owns 51,151 shares in the company, valued at $3,069,060. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Nelson Munpun Wong sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the sale, the senior vice president now directly owns 180,076 shares in the company, valued at $10,804,560. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Chan Pin Chong sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president now owns 51,151 shares of the company’s stock, valued at $3,069,060. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock worth $1,474,600. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

KLIC has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Kulicke and Soffa Industries in a research report on Thursday, May 18th. They set a “hold” rating on the stock. B. Riley boosted their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 in a report on Monday. Finally, DA Davidson boosted their price objective on Kulicke and Soffa Industries from $60.00 to $70.00 in a report on Wednesday, June 21st.

About Kulicke and Soffa Industries

(Free Report)

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.