Rhumbline Advisers Sells 9,364 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Rhumbline Advisers reduced its stake in Kulicke and Soffa Industries by 5.7%, owning 154,127 shares worth approximately $5.08 million after selling 9,364 shares in Q1.
• Several hedge funds increased their positions in the company, with Federated Hermes Inc. boosting its stake by a staggering 1,763.5% during the same period.
• Kulicke and Soffa Industries reported a quarterly earnings per share (EPS) of $0.07, exceeding expectations, while experiencing an 18.3% decline in year-over-year revenue.

Rhumbline Advisers decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,127 shares of the semiconductor company's stock after selling 9,364 shares during the period. Rhumbline Advisers owned 0.29% of Kulicke and Soffa Industries worth $5,083,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Kulicke and Soffa Industries in the 1st quarter valued at about $95,000. Jane Street Group LLC increased its stake in shares of Kulicke and Soffa Industries by 55.7% during the 1st quarter. Jane Street Group LLC now owns 66,898 shares of the semiconductor company's stock worth $2,206,000 after purchasing an additional 23,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kulicke and Soffa Industries by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,842 shares of the semiconductor company's stock worth $5,140,000 after purchasing an additional 11,522 shares during the last quarter. Woodline Partners LP increased its stake in shares of Kulicke and Soffa Industries by 1,401.7% during the 1st quarter. Woodline Partners LP now owns 438,667 shares of the semiconductor company's stock worth $14,467,000 after purchasing an additional 409,456 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Kulicke and Soffa Industries by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 877 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Performance

Kulicke and Soffa Industries stock traded up $1.73 during mid-day trading on Thursday, reaching $43.03. The company's stock had a trading volume of 710,626 shares, compared to its average volume of 506,630. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $52.08. The company has a market capitalization of $2.24 billion, a P/E ratio of 537.88 and a beta of 1.57. The firm's fifty day moving average price is $36.43 and its two-hundred day moving average price is $34.51.

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 earnings per share 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 during the quarter, compared to analyst estimates of $145.48 million. During the same period in the previous year, the business earned $0.35 EPS. Kulicke and Soffa Industries's revenue was down 18.3% compared to the same quarter last year. On average, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 1,025.00%.

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 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 directly 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 document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen raised 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 research note on Thursday, August 7th. Needham & Company LLC raised their price target on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock 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 company's stock. According to MarketBeat, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and a consensus target price of $44.33.

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.