Y Intercept Hong Kong Ltd Boosts Stock Position in Kulicke and Soffa Industries, Inc. $KLIC

Y Intercept Hong Kong Ltd increased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 209.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,709 shares of the semiconductor company’s stock after buying an additional 51,948 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kulicke and Soffa Industries were worth $2,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Ifrah Financial Services Inc. raised its holdings in Kulicke and Soffa Industries by 3.0% in the second quarter. Ifrah Financial Services Inc. now owns 13,433 shares of the semiconductor company’s stock worth $465,000 after buying an additional 386 shares during the last quarter. Meritage Portfolio Management raised its holdings in Kulicke and Soffa Industries by 6.9% in the second quarter. Meritage Portfolio Management now owns 6,983 shares of the semiconductor company’s stock worth $242,000 after buying an additional 452 shares during the last quarter. Ethic Inc. raised its holdings in Kulicke and Soffa Industries by 6.2% in the second quarter. Ethic Inc. now owns 12,238 shares of the semiconductor company’s stock worth $425,000 after buying an additional 717 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Kulicke and Soffa Industries by 789.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 821 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kulicke and Soffa Industries by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 877 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. TD Cowen increased their target price on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. B. Riley increased their target price on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Needham & Company LLC increased their target price on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings downgraded Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and a consensus target price of $42.00.

Kulicke and Soffa Industries Trading Down 0.4%

Shares of NASDAQ KLIC opened at $39.57 on Friday. The firm has a 50 day moving average of $39.67 and a 200 day moving average of $35.87. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 494.63 and a beta of 1.57. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $148.41 million during 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 firm’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. Sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Thursday, September 18th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently 1,025.00%.

About Kulicke and Soffa Industries

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.