Kulicke and Soffa Industries, Inc. $KLIC Shares Bought by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC increased its ownership in Kulicke and Soffa Industries by 9.2%, acquiring an additional 32,850 shares to hold a total of 388,387 shares valued at approximately $12.81 million.
• Kulicke and Soffa Industries reported earnings of $0.07 per share for the quarter, exceeding analysts' expectations, although revenue declined by 18.3% compared to the previous year.
• The company announced a quarterly dividend of $0.205 per share with a high dividend payout ratio of 1,025%, indicating significant returns for investors despite recent challenges.

Ceredex Value Advisors LLC lifted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 388,387 shares of the semiconductor company's stock after purchasing an additional 32,850 shares during the period. Ceredex Value Advisors LLC owned about 0.74% of Kulicke and Soffa Industries worth $12,809,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Menard Financial Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter valued at approximately $54,000. Fifth Third Bancorp raised its holdings 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 worth $40,000 after purchasing an additional 606 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Kulicke and Soffa Industries by 280.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company's stock worth $41,000 after buying an additional 910 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of 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 buying an additional 1,305 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of 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 buying an additional 254 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 directly owned 147,533 shares in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Stock Down 0.8%

KLIC stock traded down $0.30 during trading on Monday, reaching $37.50. 610,316 shares of the company's stock were exchanged, compared to its average volume of 538,776. 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 market cap of $1.96 billion, a PE ratio of 468.75 and a beta of 1.56. The company's fifty day moving average price is $35.59 and its 200-day moving average price is $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, beating analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $148.41 million for the quarter, compared to analysts' expectations of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The company's revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal 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 (DPR) is currently 1,025.00%.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of recent research reports. TD Cowen raised their target price 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. Needham & Company LLC boosted their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, DA Davidson lowered 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 note on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.33.

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.