New Age Alpha Advisors LLC Acquires New Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Key Points

• New Age Alpha Advisors LLC acquired a new stake in Kulicke and Soffa Industries, purchasing 7,769 shares valued at around $256,000.
• Kulicke and Soffa Industries recently reported quarterly earnings of $0.07 EPS, exceeding analysts' expectations, despite a 18.3% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.205 per share, resulting in an annualized yield of 2.3%, with a notably high payout ratio of 1,025.00%.

New Age Alpha Advisors LLC purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,769 shares of the semiconductor company's stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Menard Financial Group LLC purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth about $54,000. Fifth Third Bancorp increased its holdings in 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 purchasing an additional 606 shares during the last quarter. Quadrant Capital Group LLC raised its position in Kulicke and Soffa Industries by 43.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock valued at $57,000 after purchasing an additional 371 shares during the period. Federated Hermes Inc. lifted its stake in 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 worth $45,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Kulicke and Soffa Industries by 27.0% during the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after buying an additional 434 shares during the period. Institutional investors and hedge funds own 98.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KLIC shares. DA Davidson cut their price objective on 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. TD Cowen lifted their target price on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC increased 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 report on Thursday, August 7th.

Kulicke and Soffa Industries Trading Down 1.6%

Shares of Kulicke and Soffa Industries stock traded down $0.62 during trading on Thursday, reaching $37.12. The company's stock had a trading volume of 123,645 shares, compared to its average volume of 600,499. The company has a 50-day moving average price of $34.91 and a two-hundred day moving average price of $35.18. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08. The firm has a market cap of $1.94 billion, a PE ratio of 464.13 and a beta of 1.52.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 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 company had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. During the same period in the previous year, the business posted $0.35 earnings per share. Kulicke and Soffa Industries's quarterly revenue was down 18.3% on a year-over-year basis. On average, analysts predict 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 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. This represents a $0.82 dividend on an annualized basis 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 presently 1,025.00%.

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.