Kulicke and Soffa Industries, Inc. $KLIC Stock Position Lifted by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its holdings in Kulicke and Soffa Industries by 108.7%, acquiring an additional 40,701 shares during the first quarter, bringing its total ownership to 78,145 shares valued at approximately $2.577 million.
• Several other investors, including Fifth Third Bancorp and Caitong International Asset Management, have also significantly increased their stakes in the company during the same period.
• Kulicke and Soffa Industries reported a small earnings per share of $0.07 for the last quarter, exceeding analysts' expectations of $0.06, with overall revenue declining by 18.3% year over year.

Capital Fund Management S.A. grew its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 108.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,145 shares of the semiconductor company's stock after acquiring an additional 40,701 shares during the quarter. Capital Fund Management S.A. owned about 0.15% of Kulicke and Soffa Industries worth $2,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Kulicke and Soffa Industries during the first quarter worth about $4,145,000. QSV Equity Investors LLC increased its stake in Kulicke and Soffa Industries by 35.8% during the first quarter. QSV Equity Investors LLC now owns 34,573 shares of the semiconductor company's stock worth $1,140,000 after acquiring an additional 9,106 shares during the last quarter. Algert Global LLC acquired a new stake in Kulicke and Soffa Industries during the first quarter worth about $238,000. Kovitz Investment Group Partners LLC increased its stake in Kulicke and Soffa Industries by 366.0% during the first quarter. Kovitz Investment Group Partners LLC now owns 99,482 shares of the semiconductor company's stock worth $3,281,000 after acquiring an additional 78,132 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Kulicke and Soffa Industries by 280.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 910 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

KLIC traded up $0.18 on Thursday, reaching $37.80. The company's stock had a trading volume of 442,020 shares, compared to its average volume of 590,434. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 472.50 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $52.08. The business's 50 day moving average is $35.43 and its 200 day moving average is $34.74.

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

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 stock was sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the transaction, the senior vice president 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KLIC has been the subject of several research analyst reports. Needham & Company LLC upped their price target on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. DA Davidson dropped their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and a consensus price target of $44.33.

Kulicke and Soffa Industries Company 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.