Algert Global LLC Buys New Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Algert Global LLC has acquired a new stake in Kulicke and Soffa Industries, purchasing 7,210 shares valued at approximately $238,000.
• Recent changes by large investors indicate strong institutional interest, with 98.22% of the shares currently owned by institutional investors and hedge funds.
• The company's stock has a market capitalization of $1.95 billion and reported earnings of $0.07 per share for the recent quarter, exceeding analysts' expectations.

Algert Global LLC acquired a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,210 shares of the semiconductor company's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KLIC. Raymond James Financial Inc. purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth $2,916,000. MetLife Investment Management LLC increased its stake in Kulicke and Soffa Industries by 2.7% in the fourth quarter. MetLife Investment Management LLC now owns 32,342 shares of the semiconductor company's stock worth $1,509,000 after purchasing an additional 836 shares during the period. Tower Research Capital LLC TRC increased its stake in Kulicke and Soffa Industries by 9.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock worth $139,000 after purchasing an additional 254 shares during the period. Hsbc Holdings PLC increased its stake in Kulicke and Soffa Industries by 299.9% in the fourth quarter. Hsbc Holdings PLC now owns 32,113 shares of the semiconductor company's stock worth $1,506,000 after purchasing an additional 24,083 shares during the period. Finally, Boothbay Fund Management LLC purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth $529,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was 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 in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KLIC shares. TD Cowen increased their price target on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Needham & Company LLC raised their price target 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, DA Davidson cut their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $44.33.

Kulicke and Soffa Industries Stock Down 0.8%

Shares of NASDAQ KLIC traded down $0.30 during mid-day trading on Friday, reaching $37.50. 610,316 shares of the company were exchanged, compared to its average volume of 538,776. The stock has a market cap 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 1 year low of $26.63 and a 1 year high of $52.08. The firm has a 50-day moving average of $35.59 and a 200 day moving average of $34.60.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $148.41 million during the quarter, compared to analysts' expectations of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The firm's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

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