Cubist Systematic Strategies LLC Buys Shares of 24,144 Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Cubist Systematic Strategies LLC has acquired a new position in Kulicke and Soffa Industries, purchasing 24,144 shares valued at approximately $796,000 in the first quarter.
• Recent data shows that 98.22% of Kulicke and Soffa's stock is currently owned by institutional investors, highlighting significant institutional interest in the semiconductor company.
• Kulicke and Soffa Industries announced a quarterly dividend of $0.205 per share, equating to an annualized yield of 2.2%, with the dividend payout ratio at a high of 1,025.00%.

Cubist Systematic Strategies LLC acquired a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,144 shares of the semiconductor company's stock, valued at approximately $796,000.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of 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 buying an additional 606 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 buying an additional 910 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of 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 buying an additional 1,305 shares during the last quarter. Menard Financial Group LLC purchased a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $54,000. Finally, State of Wyoming raised its stake in shares of Kulicke and Soffa Industries by 6,289.3% during the 4th quarter. State of Wyoming now owns 3,578 shares of the semiconductor company's stock valued at $167,000 after buying an additional 3,522 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Insider Buying and Selling

In related 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 transaction, the senior vice president directly owned 147,533 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

KLIC has been the subject of several recent analyst reports. TD Cowen lifted their price target 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. Needham & Company LLC lifted 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.33.

Kulicke and Soffa Industries Stock Up 1.5%

Shares of Kulicke and Soffa Industries stock traded up $0.60 on Monday, hitting $39.22. 43,646 shares of the company were exchanged, compared to its average volume of 583,213. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $52.08. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 489.86 and a beta of 1.57. The company has a 50-day moving average price of $36.06 and a 200 day moving average price of $34.37.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $145.48 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was down 18.3% on a year-over-year basis. Research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be issued a $0.205 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.1%. Kulicke and Soffa Industries's dividend payout ratio is currently 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.