Oregon Public Employees Retirement Fund Sells 1,111 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Posted by Defense World Staff on Aug 9th, 2023

Oregon Public Employees Retirement Fund lessened its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,181 shares of the semiconductor company’s stock after selling 1,111 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kulicke and Soffa Industries were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in Kulicke and Soffa Industries by 381.4% during the first quarter. Nisa Investment Advisors LLC now owns 1,136 shares of the semiconductor company’s stock worth $60,000 after buying an additional 900 shares during the last quarter. Point72 Middle East FZE bought a new position in Kulicke and Soffa Industries during the fourth quarter worth $65,000. Ronald Blue Trust Inc. grew its holdings in Kulicke and Soffa Industries by 432.9% in the first quarter. Ronald Blue Trust Inc. now owns 1,588 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,290 shares during the period. Strs Ohio acquired a new stake in Kulicke and Soffa Industries in the fourth quarter worth $75,000. Finally, Ellevest Inc. grew its holdings in Kulicke and Soffa Industries by 44.4% in the fourth quarter. Ellevest Inc. now owns 1,981 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 609 shares during the period. Institutional investors own 99.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on KLIC shares. DA Davidson raised their price target on shares of Kulicke and Soffa Industries from $60.00 to $70.00 in a report on Wednesday, June 21st. StockNews.com started coverage on shares of Kulicke and Soffa Industries in a report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, B. Riley raised their price target on shares of Kulicke and Soffa Industries from $45.00 to $50.00 in a report on Monday, July 17th.

Get Our Latest Stock Analysis on KLIC

Insider Buying and Selling

In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 10,000 shares of Kulicke and Soffa Industries stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the executive vice president now owns 51,151 shares of the company’s stock, valued at $3,069,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 10,000 shares of Kulicke and Soffa Industries stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $60.00, for a total value of $600,000.00. Following the sale, the executive vice president now owns 51,151 shares of the company’s stock, valued at $3,069,060. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nelson Munpun Wong sold 5,000 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 transaction 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 approximately $10,804,560. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $1,474,600. 3.10% of the stock is owned by insiders.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC opened at $55.17 on Wednesday. Kulicke and Soffa Industries, Inc. has a 1 year low of $35.95 and a 1 year high of $60.20. The stock has a market capitalization of $3.12 billion, a P/E ratio of 15.33 and a beta of 1.39. The company has a 50-day moving average price of $57.09 and a 200-day moving average price of $53.27.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.23. Kulicke and Soffa Industries had a net margin of 21.19% and a return on equity of 20.08%. The business had revenue of $190.92 million for the quarter, compared to analysts’ expectations of $190.08 million. During the same period in the previous year, the company earned $2.09 earnings per share. The firm’s revenue for the quarter was down 48.7% compared to the same quarter last year. As a group, equities research analysts anticipate 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 company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Thursday, June 22nd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, June 21st. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 21.11%.

Kulicke and Soffa Industries Company Profile

(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.