Jump Financial LLC Invests $2.13 Million in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Jump Financial LLC acquired 64,567 shares of Kulicke and Soffa Industries for approximately $2,129,000, increasing institutional ownership in the company to 98.22%.
• The company reported a quarterly earnings per share (EPS) of $0.07, beating estimates, but its revenue fell by 18.3% compared to the same quarter last year.
• Recent analyst activities saw price target adjustments, with DA Davidson lowering its target from $60.00 to $55.00 while Needham & Company LLC raised their target from $37.00 to $40.00.

Jump Financial LLC purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 64,567 shares of the semiconductor company's stock, valued at approximately $2,129,000. Jump Financial LLC owned about 0.12% of Kulicke and Soffa Industries at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KLIC. Tower Research Capital LLC TRC raised its position in Kulicke and Soffa Industries by 9.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock valued at $139,000 after purchasing an additional 254 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kulicke and Soffa Industries by 7.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,776 shares of the semiconductor company's stock worth $363,000 after buying an additional 527 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Kulicke and Soffa Industries by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company's stock valued at $945,000 after purchasing an additional 534 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Kulicke and Soffa Industries by 99.7% during the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after buying an additional 606 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kulicke and Soffa Industries by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,203 shares of the semiconductor company's stock worth $1,409,000 after purchasing an additional 660 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on KLIC. DA Davidson reduced their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. TD Cowen raised their price objective 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. Finally, Needham & Company LLC upped their target price on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $44.33.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the completion of the sale, the senior vice president directly owned 147,533 shares of the company's stock, valued at $5,469,048.31. This trade represents a 16.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.40% of the company's stock.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ KLIC traded down $0.30 during midday trading on Monday, reaching $37.50. The stock had a trading volume of 610,316 shares, compared to its average volume of 538,776. The stock has a 50-day moving average of $35.59 and a 200-day moving average of $34.60. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 468.75 and a beta of 1.56. 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 - Get Free Report) last released its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The company had revenue of $148.41 million for the quarter, compared to analysts' expectations of $145.48 million. During the same quarter in the previous year, the company earned $0.35 EPS. Kulicke and Soffa Industries's revenue for the quarter was down 18.3% on a year-over-year basis. As a group, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%. Kulicke and Soffa Industries's payout ratio is currently 1,025.00%.

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.