Jackson Creek Investment Advisors LLC Buys New Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,925 shares of the semiconductor company’s stock, valued at approximately $981,000.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in Kulicke and Soffa Industries by 22.8% in the third quarter. Sei Investments Co. now owns 309,681 shares of the semiconductor company’s stock worth $15,060,000 after purchasing an additional 57,418 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Kulicke and Soffa Industries by 23.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 250,207 shares of the semiconductor company’s stock worth $12,168,000 after purchasing an additional 47,903 shares during the period. Trexquant Investment LP acquired a new stake in Kulicke and Soffa Industries in the third quarter valued at approximately $1,259,000. TimesSquare Capital Management LLC increased its stake in Kulicke and Soffa Industries by 22.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 613,657 shares of the semiconductor company’s stock valued at $29,842,000 after purchasing an additional 111,032 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 26.8% in the third quarter. First Eagle Investment Management LLC now owns 153,064 shares of the semiconductor company’s stock valued at $7,444,000 after purchasing an additional 32,383 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC traded down $0.88 during mid-day trading on Tuesday, hitting $46.28. The company had a trading volume of 576,384 shares, compared to its average volume of 469,882. The business’s 50-day simple moving average is $48.41 and its 200 day simple moving average is $49.25. The company has a market capitalization of $2.61 billion, a PE ratio of 51.83 and a beta of 1.47. Kulicke and Soffa Industries, Inc. has a 1-year low of $40.20 and a 1-year high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Kulicke and Soffa Industries had a return on equity of 8.55% and a net margin of 7.03%. The business had revenue of $171.19 million during the quarter, compared to the consensus estimate of $170.00 million. During the same period in the prior year, the company earned $0.37 earnings per share. On average, analysts expect that Kulicke and Soffa Industries, Inc. will post 1.69 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, March 25th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. Kulicke and Soffa Industries’s payout ratio is currently 88.89%.

Insiders Place Their Bets

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total value of $429,515.87. Following the completion of the sale, the senior vice president now owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a report on Wednesday, January 31st.

Kulicke and Soffa Industries 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.