AlphaCrest Capital Management LLC decreased its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 40.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,100 shares of the semiconductor company’s stock after selling 14,500 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Kulicke and Soffa Industries were worth $467,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Schneider Capital Management Corp purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at $4,215,000. Walthausen & Co. LLC raised its holdings in shares of Kulicke and Soffa Industries by 1.1% in the 1st quarter. Walthausen & Co. LLC now owns 479,010 shares of the semiconductor company’s stock valued at $10,591,000 after buying an additional 5,100 shares during the period. Swiss National Bank raised its holdings in shares of Kulicke and Soffa Industries by 2.4% in the 1st quarter. Swiss National Bank now owns 122,400 shares of the semiconductor company’s stock valued at $2,706,000 after buying an additional 2,900 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at $495,000. Finally, Icon Wealth Partners LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.
In related news, Director Peter T. M. Kong bought 10,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $19.37 per share, with a total value of $193,700.00. Following the purchase, the director now directly owns 64,690 shares of the company’s stock, valued at approximately $1,253,045.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
Several equities research analysts recently issued reports on KLIC shares. BidaskClub upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd. Zacks Investment Research downgraded Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Kulicke and Soffa Industries has an average rating of “Hold” and an average target price of $28.40.
KLIC stock opened at $21.94 on Wednesday. The company has a current ratio of 7.19, a quick ratio of 6.35 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.37 billion, a P/E ratio of 9.03, a PEG ratio of 2.74 and a beta of 1.27. Kulicke and Soffa Industries Inc. has a 12-month low of $17.40 and a 12-month high of $28.69.
Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). The firm had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $118.42 million. Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. Kulicke and Soffa Industries’s quarterly revenue was down 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, research analysts expect that Kulicke and Soffa Industries Inc. will post 0.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.48 annualized dividend and a yield of 2.19%. Kulicke and Soffa Industries’s payout ratio is 19.75%.
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About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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