OVERSEA CHINESE BANKING Corp Ltd Increases Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 3,534.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 461,555 shares of the semiconductor company's stock after acquiring an additional 448,856 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.86% of Kulicke and Soffa Industries worth $15,222,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth approximately $37,000. Fifth Third Bancorp boosted its holdings in shares of Kulicke and Soffa Industries by 99.7% in the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock worth $40,000 after buying an additional 606 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after buying an additional 278 shares during the last quarter. Menard Financial Group LLC purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth approximately $54,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of 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 worth $57,000 after buying an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC opened at $36.26 on Monday. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $53.31. The company has a market capitalization of $1.91 billion, a P/E ratio of 100.73 and a beta of 1.54. The firm's 50 day simple moving average is $34.01 and its two-hundred day simple moving average is $36.96.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The company had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. During the same period last year, the firm posted ($0.95) EPS. Kulicke and Soffa Industries's quarterly revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Needham & Company LLC lowered their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, DA Davidson lowered their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.50.

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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