Yousif Capital Management LLC decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,630 shares of the semiconductor company’s stock after selling 4,945 shares during the quarter. Yousif Capital Management LLC owned 0.06% of Kulicke and Soffa Industries worth $1,772,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. RFP Financial Group LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth about $25,000. Nisa Investment Advisors LLC grew its holdings in Kulicke and Soffa Industries by 381.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,136 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 900 shares during the last quarter. Point72 Middle East FZE bought a new stake in Kulicke and Soffa Industries during the 4th quarter worth about $65,000. Ronald Blue Trust Inc. boosted its stake in shares of Kulicke and Soffa Industries by 432.9% in the 1st quarter. Ronald Blue Trust Inc. now owns 1,588 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 99.73% of the company’s stock.
Insider Activity at Kulicke and Soffa Industries
In related news, EVP Chan Pin Chong sold 10,000 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $60.00, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 5,000 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the sale, the senior vice president now owns 180,076 shares of the company’s stock, valued at approximately $10,804,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chan Pin Chong sold 10,000 shares of the firm’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 transaction of $600,000.00. Following the sale, the executive vice president now directly owns 51,151 shares of the company’s stock, valued at approximately $3,069,060. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $1,474,600. Corporate insiders own 3.10% of the company’s stock.
Kulicke and Soffa Industries Trading Up 0.6 %
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last issued its earnings results on Thursday, May 4th. The semiconductor company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $173.00 million for the quarter, compared to the consensus estimate of $171.01 million. Kulicke and Soffa Industries had a net margin of 21.19% and a return on equity of 20.08%. The firm’s revenue for the quarter was down 55.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 earnings per share. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 1.53 earnings per share for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 22nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.27%. Kulicke and Soffa Industries’s dividend payout ratio is currently 21.11%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. DA Davidson increased their price target on shares of Kulicke and Soffa Industries from $60.00 to $70.00 in a research report on Wednesday, June 21st. StockNews.com started coverage on shares of Kulicke and Soffa Industries in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, B. Riley lifted their price objective on shares of Kulicke and Soffa Industries from $45.00 to $50.00 in a report on Monday, July 17th.
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 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.
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