Charles Schwab Investment Management Inc. Trims Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Kulicke and Soffa Industries by 9.3%, selling 56,602 shares and now holds approximately 1.03% of the company, valued at $18.2 million.
• The company reported an EPS of $0.07 for the last quarter, beating analyst estimates, though revenue was down 18.3% year-over-year.
• Kulicke and Soffa Industries recently declared a quarterly dividend of $0.205 per share, reflecting a high payout ratio of 1,025%.

Charles Schwab Investment Management Inc. trimmed its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 9.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 551,387 shares of the semiconductor company's stock after selling 56,602 shares during the period. Charles Schwab Investment Management Inc. owned about 1.03% of Kulicke and Soffa Industries worth $18,185,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in KLIC. Menard Financial Group LLC purchased a new position in shares of Kulicke and Soffa Industries during the fourth quarter worth $54,000. Fifth Third Bancorp lifted its stake 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 worth $40,000 after acquiring an additional 606 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Kulicke and Soffa Industries by 1,763.5% during the 1st quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 1,305 shares during the period. Tower Research Capital LLC TRC grew its position in Kulicke and Soffa Industries by 9.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock valued at $139,000 after acquiring an additional 254 shares in the last quarter. Finally, State of Wyoming increased its stake in Kulicke and Soffa Industries by 6,289.3% during the fourth quarter. State of Wyoming now owns 3,578 shares of the semiconductor company's stock worth $167,000 after purchasing an additional 3,522 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

Insiders Place Their Bets

In other Kulicke and Soffa Industries 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries Trading Down 0.7%

Shares of KLIC traded down $0.26 during mid-day trading on Monday, reaching $37.41. The company's stock had a trading volume of 289,890 shares, compared to its average volume of 538,747. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $52.08. The company's 50 day moving average is $35.30 and its 200 day moving average is $34.70.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, topping the consensus estimate 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 revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 1,025.00%.

Analysts Set New Price Targets

KLIC has been the subject of a number of research reports. DA Davidson dropped their price objective on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. TD Cowen raised their price target on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC upped their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average 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.