Capital Fund Management S.A. Buys 40,701 Shares of Kulicke and Soffa Industries, Inc. $KLIC

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. boosted 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 filing with the Securities & Exchange Commission. The fund owned 78,145 shares of the semiconductor company's stock after purchasing an additional 40,701 shares during the period. 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 large investors have also recently added to or reduced their stakes in KLIC. Menard Financial Group LLC bought a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $54,000. Fifth Third Bancorp increased its holdings in Kulicke and Soffa Industries by 99.7% during the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 606 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Kulicke and Soffa Industries by 280.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 910 shares in the last quarter. Federated Hermes Inc. raised its position in Kulicke and Soffa Industries by 1,763.5% in the 1st quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 in the last quarter. 98.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KLIC has been the subject of a number of research reports. TD Cowen raised 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. DA Davidson decreased their price objective on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Needham & Company LLC boosted their target price on shares of 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and an average price target of $44.33.

Kulicke and Soffa Industries Stock Performance

KLIC traded down $0.30 during trading on Friday, reaching $37.50. 610,316 shares of the company's stock were exchanged, compared to its average volume of 538,177. The company's fifty day moving average price is $35.59 and its 200-day moving average price is $34.65. The firm has a market capitalization of $1.96 billion, a PE ratio of 468.75 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, topping 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 business had revenue of $148.41 million during the quarter, compared to analysts' expectations of $145.48 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm's quarterly revenue was down 18.3% compared to the same quarter last year. Research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.82 annualized dividend and a yield of 2.2%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 1,025.00%.

Insider Buying and Selling

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following the completion of the sale, the senior vice president owned 147,533 shares in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.40% of the company's stock.

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.