Invesco Ltd. Grows Stock Holdings 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. grew its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 188.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 681,407 shares of the semiconductor company's stock after acquiring an additional 445,148 shares during the period. Invesco Ltd. owned about 1.29% of Kulicke and Soffa Industries worth $22,473,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Tower Research Capital LLC TRC boosted its holdings in shares of 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 during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Kulicke and Soffa Industries by 7.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,776 shares of the semiconductor company's stock valued at $363,000 after acquiring an additional 527 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Kulicke and Soffa Industries by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company's stock valued at $945,000 after acquiring an additional 534 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Kulicke and Soffa Industries by 99.7% in the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 606 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kulicke and Soffa Industries by 2.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,203 shares of the semiconductor company's stock valued at $1,409,000 after acquiring an additional 660 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Performance

Shares of NASDAQ KLIC opened at $35.89 on Thursday. The company's fifty day moving average price is $35.15 and its 200 day moving average price is $34.93. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $52.08. The company has a market capitalization of $1.87 billion, a PE ratio of 448.63 and a beta of 1.52.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $148.41 million for the quarter, compared to the consensus estimate 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 firm's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were given a dividend of $0.205 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.3%. Kulicke and Soffa Industries's dividend payout ratio is currently 1,025.00%.

Analyst Ratings Changes

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

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 transaction of $1,112,100.00. Following the completion of 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 hyperlink. Corporate 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.

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