American Century Companies Inc. Reduces Stock Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

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American Century Companies Inc. cut its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,920,687 shares of the semiconductor company's stock after selling 61,676 shares during the period. American Century Companies Inc. owned 3.64% of Kulicke and Soffa Industries worth $63,344,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KLIC. Fifth Third Bancorp raised its position in shares of Kulicke and Soffa Industries by 99.7% during the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after buying an additional 606 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Kulicke and Soffa Industries by 280.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 910 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Kulicke and Soffa Industries by 1,763.5% during the first quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company's stock valued at $45,000 after buying an additional 1,305 shares during the last quarter. Menard Financial Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth $54,000. Finally, Tower Research Capital LLC TRC increased its holdings in 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 worth $139,000 after buying an additional 254 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president owned 147,533 shares in the company, valued at $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.40% of the company's stock.

Kulicke and Soffa Industries Stock Up 3.5%

KLIC stock traded up $1.29 during midday trading on Friday, hitting $37.67. The company's stock had a trading volume of 360,316 shares, compared to its average volume of 593,756. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 470.88 and a beta of 1.52. The company has a 50 day moving average of $35.18 and a two-hundred day moving average of $34.88. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $52.08.

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, beating analysts' consensus estimates of $0.06 by $0.01. The company 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%. Kulicke and Soffa Industries's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.2%. Kulicke and Soffa Industries's payout ratio is currently 1,025.00%.

Analysts Set New Price Targets

KLIC has been the subject of a number of research analyst reports. TD Cowen lifted 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. DA Davidson cut their price target on 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. Finally, Needham & Company LLC upped 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 report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.