Global Retirement Partners LLC Cuts Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Posted by Defense World Staff on Aug 11th, 2023

Global Retirement Partners LLC trimmed its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 41.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,194 shares of the semiconductor company’s stock after selling 3,025 shares during the period. Global Retirement Partners LLC’s holdings in Kulicke and Soffa Industries were worth $198,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Kulicke and Soffa Industries by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,950,567 shares of the semiconductor company’s stock valued at $130,592,000 after purchasing an additional 110,243 shares during the last quarter. Victory Capital Management Inc. lifted its position in Kulicke and Soffa Industries by 6.9% during the first quarter. Victory Capital Management Inc. now owns 2,180,880 shares of the semiconductor company’s stock valued at $114,911,000 after purchasing an additional 141,347 shares during the last quarter. Alliancebernstein L.P. lifted its position in Kulicke and Soffa Industries by 45.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,109,800 shares of the semiconductor company’s stock valued at $93,380,000 after purchasing an additional 663,192 shares during the last quarter. State Street Corp lifted its position in Kulicke and Soffa Industries by 4.9% during the first quarter. State Street Corp now owns 2,058,052 shares of the semiconductor company’s stock valued at $115,628,000 after purchasing an additional 95,909 shares during the last quarter. Finally, LSV Asset Management lifted its position in Kulicke and Soffa Industries by 2.5% during the fourth quarter. LSV Asset Management now owns 1,590,046 shares of the semiconductor company’s stock valued at $70,375,000 after purchasing an additional 39,300 shares during the last quarter. 99.73% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of KLIC opened at $52.96 on Friday. Kulicke and Soffa Industries, Inc. has a 1-year low of $35.95 and a 1-year high of $60.20. The company has a 50-day moving average of $57.12 and a 200 day moving average of $53.28. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 14.71 and a beta of 1.39.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.23. The company had revenue of $190.92 million during the quarter, compared to analyst estimates of $190.08 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 48.7% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. On average, equities 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 firm also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Thursday, June 22nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, June 21st. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 21.11%.

Insider Buying and Selling at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 10,000 shares of the firm’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 transaction, the executive vice president now owns 51,151 shares of the company’s stock, valued at approximately $3,069,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kulicke and Soffa Industries news, EVP Chan Pin Chong sold 10,000 shares of the firm’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 transaction, the executive vice president now owns 51,151 shares of the company’s stock, valued at approximately $3,069,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries 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 $300,000.00. Following the completion of the transaction, 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. In the last quarter, insiders have sold 25,000 shares of company stock valued at $1,474,600. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Kulicke and Soffa Industries in a report on Thursday, May 18th. They issued a “hold” rating for the company. DA Davidson raised their target price on shares of Kulicke and Soffa Industries from $60.00 to $70.00 in a report on Wednesday, June 21st. Craig Hallum lowered shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating and set a $55.00 target price for the company. in a report on Thursday. Finally, B. Riley raised their target price on shares of Kulicke and Soffa Industries from $45.00 to $50.00 in a report on Monday, July 17th.

View Our Latest Report on Kulicke and Soffa Industries

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.