Kulicke and Soffa Industries, Inc. $KLIC Shares Acquired by Systematic Financial Management LP

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

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KLIC. Needham & Company LLC increased their price objective on shares of 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. DA Davidson lowered 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 research report on Thursday, May 8th. Finally, TD Cowen increased their price objective on shares of 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and an average price target of $44.33.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $5,469,048.31. This trade represents a 16.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.40% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Stock Up 3.5%

Shares of KLIC stock opened at $37.67 on Friday. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08. The stock has a market capitalization of $1.96 billion, a PE ratio of 470.88 and a beta of 1.52. The firm has a 50 day moving average of $35.26 and a two-hundred day moving average of $34.78.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, beating the consensus estimate 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 company had revenue of $148.41 million during the quarter, compared to analysts' expectations of $145.48 million. During the same quarter last year, the company posted $0.35 EPS. The firm's revenue was down 18.3% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 1,025.00%.

Kulicke and Soffa Industries Company 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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