Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Peter T. M. Kong Purchases 1,000 Shares

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Director Peter T. M. Kong purchased 1,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $47.51 per share, with a total value of $47,510.00. Following the completion of the acquisition, the director now owns 92,072 shares of the company’s stock, valued at $4,374,340.72. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kulicke and Soffa Industries Stock Up 0.4 %

Shares of NASDAQ:KLIC opened at $48.21 on Thursday. The company has a market cap of $2.67 billion, a P/E ratio of -40.51 and a beta of 1.48. The business has a fifty day simple moving average of $48.14 and a 200-day simple moving average of $49.30. Kulicke and Soffa Industries, Inc. has a 52 week low of $40.20 and a 52 week high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.19). Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The business had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $170.20 million. During the same quarter last year, the firm earned $0.38 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 1.2 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, March 22nd. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Analysts Set New Price Targets

KLIC has been the subject of a number of recent research reports. TheStreet cut Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. B. Riley lowered their price target on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of “Hold” and an average price target of $59.00.

Hedge Funds Weigh In On Kulicke and Soffa Industries

A number of large investors have recently bought and sold shares of KLIC. Quadrant Capital Group LLC grew its stake in shares of Kulicke and Soffa Industries by 29.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 272 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Kulicke and Soffa Industries by 5.0% in the third quarter. Verdence Capital Advisors LLC now owns 5,941 shares of the semiconductor company’s stock valued at $289,000 after acquiring an additional 285 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Kulicke and Soffa Industries by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 353 shares during the period. CWM LLC increased its stake in Kulicke and Soffa Industries by 53.4% during the first quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 416 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in Kulicke and Soffa Industries by 340.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.