Duality Advisers LP lowered its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Free Report) by 78.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,801 shares of the semiconductor company’s stock after selling 21,314 shares during the quarter. Duality Advisers LP’s holdings in Kulicke and Soffa Industries were worth $306,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position 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 valued at $60,000 after purchasing an additional 900 shares during the period. First Horizon Advisors Inc. raised its stake in Kulicke and Soffa Industries by 37.7% during the 1st quarter. First Horizon Advisors Inc. now owns 1,259 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 345 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Kulicke and Soffa Industries during the 1st quarter valued at $75,000. Point72 Middle East FZE bought a new stake in Kulicke and Soffa Industries during the 4th quarter valued at $65,000. Finally, Ronald Blue Trust Inc. raised its stake in Kulicke and Soffa Industries by 432.9% during the 1st quarter. Ronald Blue Trust Inc. now owns 1,588 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 1,290 shares in the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.
Insider Buying and Selling
In related news, SVP Robert Nestor Chylak sold 4,084 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $48.88, for a total value of $199,625.92. Following the transaction, the senior vice president now directly owns 19,609 shares in the company, valued at approximately $958,487.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries stock in a transaction 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 transaction, the senior vice president now owns 180,076 shares in the company, valued at $10,804,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Nestor Chylak sold 4,084 shares of Kulicke and Soffa Industries stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $48.88, for a total value of $199,625.92. Following the transaction, the senior vice president now owns 19,609 shares in the company, valued at approximately $958,487.92. The disclosure for this sale can be found here. Insiders have sold 19,084 shares of company stock worth $1,099,626 in the last three months. 3.10% of the stock is currently owned by insiders.
Kulicke and Soffa Industries Stock Performance
Kulicke and Soffa Industries (NASDAQ:KLIC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.23. The company had revenue of $190.92 million for the quarter, compared to the consensus estimate of $190.08 million. Kulicke and Soffa Industries had a return on equity of 12.34% and a net margin of 11.94%. The company’s quarterly revenue was down 48.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 EPS. On average, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 1.73 EPS for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Thursday, September 21st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Wednesday, September 20th. Kulicke and Soffa Industries’s payout ratio is 45.24%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. StockNews.com assumed coverage on Kulicke and Soffa Industries in a research note on Thursday, August 17th. They set a “hold” rating on the stock. DA Davidson lifted their target price on Kulicke and Soffa Industries from $60.00 to $70.00 in a research note on Wednesday, June 21st. Craig Hallum downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a research note on Thursday, August 10th. Finally, B. Riley boosted their price objective on Kulicke and Soffa Industries from $45.00 to $50.00 in a research note on Monday, July 17th.
Read Our Latest Research Report on KLIC
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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