Invesco Ltd. Grows Stock Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Invesco Ltd. significantly increased its stake in Kulicke and Soffa Industries by 188.4% in the first quarter, owning 681,407 shares valued at approximately $22.47 million.
• Kulicke and Soffa reported a net margin of 0.90% and a quarterly revenue decline of 18.3% year-over-year, despite beating earnings expectations with EPS of $0.07.
• The company recently announced a quarterly dividend of $0.205 per share, reflecting a 2.3% yield with a significantly high payout ratio of 1,025.00%.

Invesco Ltd. boosted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 188.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 681,407 shares of the semiconductor company's stock after buying an additional 445,148 shares during the period. Invesco Ltd. owned approximately 1.29% of Kulicke and Soffa Industries worth $22,473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KLIC. The Manufacturers Life Insurance Company grew its position in Kulicke and Soffa Industries by 68.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock valued at $82,220,000 after acquiring an additional 717,832 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Kulicke and Soffa Industries in the 4th quarter valued at $24,109,000. Point72 Asset Management L.P. bought a new position in Kulicke and Soffa Industries in the 4th quarter valued at $22,134,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in Kulicke and Soffa Industries by 3,534.6% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 461,555 shares of the semiconductor company's stock valued at $15,222,000 after acquiring an additional 448,856 shares during the last quarter. Finally, Millennium Management LLC grew its position in Kulicke and Soffa Industries by 286.1% in the 4th quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock valued at $19,747,000 after acquiring an additional 313,595 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Up 0.5%

Shares of NASDAQ KLIC traded up $0.19 during mid-day trading on Tuesday, reaching $37.60. 480,020 shares of the company were exchanged, compared to its average volume of 524,995. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 470.00 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 firm has a 50-day moving average of $35.36 and a 200 day moving average of $34.72.

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, topping analysts' consensus estimates 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 quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio is 1,025.00%.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of recent research reports. DA Davidson dropped their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC increased their price target 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. Finally, TD Cowen increased their price target on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average target price of $44.33.

Insider Buying and Selling at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.40% of the stock is owned by company insiders.

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.