NJ State Employees Deferred Compensation Plan Has $902,000 Position in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

NJ State Employees Deferred Compensation Plan raised its position in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 233.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the semiconductor company’s stock after purchasing an additional 28,000 shares during the quarter. NJ State Employees Deferred Compensation Plan owned 0.06% of Kulicke and Soffa Industries worth $902,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KLIC. Advisory Services Network LLC raised its stake in Kulicke and Soffa Industries by 103.1% during the 4th quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 631 shares during the period. Versant Capital Management Inc increased its stake in shares of Kulicke and Soffa Industries by 758.3% in the first quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 1,236 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Kulicke and Soffa Industries in the first quarter worth $36,000. Valeo Financial Advisors LLC acquired a new position in shares of Kulicke and Soffa Industries in the first quarter worth $46,000. Finally, Advisor Group Inc. increased its stake in shares of Kulicke and Soffa Industries by 340.9% in the fourth quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,725 shares during the last quarter. 88.98% of the stock is currently owned by institutional investors.

KLIC has been the topic of a number of research reports. BidaskClub raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. DA Davidson downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $30.00 to $26.00 in a research note on Monday, July 8th. Zacks Investment Research downgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, ValuEngine raised shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.20.

In other Kulicke and Soffa Industries news, Director Peter T. M. Kong acquired 10,000 shares of the firm’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 acquisition, the director now owns 64,690 shares of the company’s stock, valued at approximately $1,253,045.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Shares of NASDAQ KLIC traded up $0.52 during mid-day trading on Friday, reaching $22.18. The company had a trading volume of 972,372 shares, compared to its average volume of 502,452. Kulicke and Soffa Industries Inc. has a twelve month low of $17.40 and a twelve month high of $27.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.19 and a quick ratio of 6.35. The firm has a market capitalization of $1.41 billion, a PE ratio of 9.13, a PEG ratio of 3.50 and a beta of 1.34. The stock has a 50 day simple moving average of $22.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $127.11 million during the quarter, compared to analysts’ expectations of $128.70 million. Kulicke and Soffa Industries had a net margin of 5.96% and a return on equity of 6.09%. Kulicke and Soffa Industries’s revenue for the quarter was down 52.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. Sell-side analysts forecast that Kulicke and Soffa Industries Inc. will post 0.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, June 27th. Kulicke and Soffa Industries’s dividend payout ratio is presently 19.75%.

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

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