Kulicke and Soffa Industries Inc. (KLIC) Holdings Boosted by Arnhold LLC

Arnhold LLC raised its stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 255,000 shares of the semiconductor company’s stock after acquiring an additional 5,000 shares during the quarter. Arnhold LLC’s holdings in Kulicke and Soffa Industries were worth $5,638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Kulicke and Soffa Industries by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,015 shares of the semiconductor company’s stock worth $575,000 after buying an additional 470 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Kulicke and Soffa Industries by 5.0% in the fourth quarter. EP Wealth Advisors LLC now owns 10,500 shares of the semiconductor company’s stock worth $213,000 after buying an additional 500 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Kulicke and Soffa Industries by 56.4% in the fourth quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock worth $30,000 after buying an additional 531 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Kulicke and Soffa Industries by 103.1% in the fourth quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after buying an additional 631 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Kulicke and Soffa Industries by 3.1% in the fourth quarter. State of Alaska Department of Revenue now owns 22,461 shares of the semiconductor company’s stock worth $455,000 after buying an additional 668 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Peter T. M. Kong acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the transaction, the director now owns 64,690 shares in the company, valued at $1,253,045.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on KLIC. BidaskClub downgraded shares of Kulicke and Soffa Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Cowen reissued a “hold” rating and issued a $22.00 price target on shares of Kulicke and Soffa Industries in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.40.

Kulicke and Soffa Industries stock opened at $19.14 on Friday. Kulicke and Soffa Industries Inc. has a 12-month low of $17.40 and a 12-month high of $28.69. The stock has a market cap of $1.26 billion, a P/E ratio of 7.88, a PEG ratio of 2.50 and a beta of 1.16. 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 (NASDAQ:KLIC) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.42 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. Kulicke and Soffa Industries’s revenue for the quarter was down 47.7% on a year-over-year basis. As a group, equities research analysts predict that Kulicke and Soffa Industries Inc. will post 0.64 earnings per share for the current year.

Kulicke and Soffa Industries announced that its board has initiated a stock buyback program on Thursday, January 31st that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is currently 19.75%.

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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.

Read More: SEC Filing

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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