Systematic Financial Management LP Buys 25,748 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Systematic Financial Management LP increased its stake in Kulicke and Soffa Industries, acquiring an additional 25,748 shares, raising its total ownership to approximately 171,762 shares worth about $5.67 million.
• Several institutional investors, including Raymond James Financial Inc. and Hsbc Holdings PLC, have also made recent acquisitions in Kulicke and Soffa, with institutional ownership now at 98.22% of the company's stock.
• Kulicke and Soffa reported a net margin of only 0.90% and a revenue decline of 18.3% year-over-year, although it beat earnings estimates with an EPS of $0.07 compared to expectations of $0.06.

Systematic Financial Management LP lifted its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 17.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,762 shares of the semiconductor company's stock after acquiring an additional 25,748 shares during the period. Systematic Financial Management LP owned 0.33% of Kulicke and Soffa Industries worth $5,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KLIC. Raymond James Financial Inc. acquired a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $2,916,000. Barclays PLC lifted its stake in Kulicke and Soffa Industries by 1.4% during the fourth quarter. Barclays PLC now owns 98,000 shares of the semiconductor company's stock valued at $4,573,000 after purchasing an additional 1,396 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Kulicke and Soffa Industries by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 32,342 shares of the semiconductor company's stock valued at $1,509,000 after purchasing an additional 836 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Kulicke and Soffa Industries by 9.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock valued at $139,000 after purchasing an additional 254 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Kulicke and Soffa Industries by 299.9% during the fourth quarter. Hsbc Holdings PLC now owns 32,113 shares of the semiconductor company's stock valued at $1,506,000 after purchasing an additional 24,083 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kulicke and Soffa Industries

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the firm'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 transaction, the senior vice president directly owned 147,533 shares in the company, valued at approximately $5,469,048.31. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.40% of the company's stock.

Kulicke and Soffa Industries Stock Down 1.4%

Shares of KLIC traded down $0.55 during mid-day trading on Friday, hitting $37.25. 177,201 shares of the company's stock were exchanged, compared to its average volume of 587,865. The firm has a fifty day moving average of $35.51 and a two-hundred day moving average of $34.71. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 467.31 and a beta of 1.52.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The business had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. During the same period last year, the business posted $0.35 EPS. Kulicke and Soffa Industries's revenue was down 18.3% compared to the same quarter last year. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%. Kulicke and Soffa Industries's payout ratio is presently 1,025.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KLIC. DA Davidson cut their target price on shares of 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. TD Cowen increased their target price on shares of 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. Finally, Needham & Company LLC increased their target price on shares of 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 given a Hold rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.33.

About Kulicke and Soffa Industries

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.