Penbrook Management LLC Sells 10,455 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Penbrook Management LLC lowered its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 54.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,600 shares of the semiconductor company’s stock after selling 10,455 shares during the period. Penbrook Management LLC’s holdings in Kulicke and Soffa Industries were worth $298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Kulicke and Soffa Industries by 1.4% in the first quarter. Principal Financial Group Inc. now owns 266,466 shares of the semiconductor company’s stock valued at $8,788,000 after purchasing an additional 3,667 shares during the period. Copeland Capital Management LLC raised its position in shares of Kulicke and Soffa Industries by 14.5% in the second quarter. Copeland Capital Management LLC now owns 1,645,508 shares of the semiconductor company’s stock valued at $56,935,000 after purchasing an additional 207,899 shares during the period. GAMMA Investing LLC raised its position in shares of Kulicke and Soffa Industries by 1,770.2% in the first quarter. GAMMA Investing LLC now owns 19,095 shares of the semiconductor company’s stock valued at $579,000 after purchasing an additional 18,074 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Kulicke and Soffa Industries by 134.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,858 shares of the semiconductor company’s stock valued at $693,000 after purchasing an additional 10,826 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Kulicke and Soffa Industries by 99.7% during the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 606 shares during the period. Institutional investors own 98.22% of the company’s stock.

Insider Activity

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following the completion of the sale, the senior vice president owned 147,533 shares of the company’s stock, valued at approximately $5,469,048.31. This represents a 16.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KLIC shares. TD Cowen upped their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, August 7th. B. Riley upped their target price on shares of Kulicke and Soffa Industries from $30.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Needham & Company LLC upped their target price on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average target price of $42.00.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC opened at $40.04 on Tuesday. The company’s fifty day moving average price is $38.56 and its 200-day moving average price is $35.06. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 500.50 and a beta of 1.57. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. As a group, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 18th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.0%. Kulicke and Soffa Industries’s dividend payout ratio is 1,025.00%.

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.