First Mercantile Trust Co. boosted its position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 74.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,932 shares of the semiconductor company’s stock after acquiring an additional 2,112 shares during the period. First Mercantile Trust Co.’s holdings in Kulicke and Soffa Industries were worth $109,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLIC. Principal Financial Group Inc. raised its position in shares of Kulicke and Soffa Industries by 41.6% during the fourth quarter. Principal Financial Group Inc. now owns 4,183,080 shares of the semiconductor company’s stock valued at $84,791,000 after buying an additional 1,228,277 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Kulicke and Soffa Industries by 4.6% in the third quarter. Vanguard Group Inc. now owns 2,627,461 shares of the semiconductor company’s stock valued at $62,639,000 after purchasing an additional 115,016 shares in the last quarter. Norges Bank purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at $31,408,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Kulicke and Soffa Industries by 11.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,457,161 shares of the semiconductor company’s stock valued at $29,537,000 after purchasing an additional 155,193 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in shares of Kulicke and Soffa Industries in the first quarter valued at $21,649,000. Institutional investors own 89.73% of the company’s stock.
NASDAQ KLIC traded down $0.10 during trading hours on Friday, reaching $21.35. The stock had a trading volume of 358,900 shares, compared to its average volume of 442,075. The company has a quick ratio of 6.35, a current ratio of 7.19 and a debt-to-equity ratio of 0.02. Kulicke and Soffa Industries Inc. has a 52-week low of $17.40 and a 52-week high of $28.69. The firm has a market cap of $1.39 billion, a P/E ratio of 8.79, a P/E/G ratio of 3.03 and a beta of 1.27.
Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). The company had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $118.42 million. Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The company’s revenue for the quarter was down 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. As a group, research analysts expect that Kulicke and Soffa Industries Inc. will post 0.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is 19.75%.
KLIC has been the subject of several research analyst reports. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. BidaskClub upgraded Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.40.
In other Kulicke and Soffa Industries news, Director Peter T. M. Kong bought 10,000 shares of Kulicke and Soffa Industries stock in a transaction dated Monday, May 20th. The stock was acquired 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 in the company, valued at approximately $1,253,045.30. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.
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Kulicke and Soffa Industries Profile
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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