10,328 Shares in Kulicke and Soffa Industries, Inc. $KLIC Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC has acquired 10,328 shares of Kulicke and Soffa Industries, valued at approximately $341,000, as part of their new investment position during the first quarter.
• Institutional investors own a significant 98.22% of Kulicke and Soffa's stock, indicating strong institutional support for the company.
• The company declared a quarterly dividend of $0.205 per share, with the ex-dividend date set for September 18th, which reflects an annualized yield of 2.2%.

PDT Partners LLC bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,328 shares of the semiconductor company's stock, valued at approximately $341,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Kulicke and Soffa Industries by 6.0% during the first quarter. Vanguard Group Inc. now owns 3,476,131 shares of the semiconductor company's stock worth $114,643,000 after buying an additional 197,619 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kulicke and Soffa Industries by 6.1% in the first quarter. Victory Capital Management Inc. now owns 2,699,897 shares of the semiconductor company's stock valued at $89,043,000 after purchasing an additional 156,144 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Kulicke and Soffa Industries by 10.0% in the first quarter. The Manufacturers Life Insurance Company now owns 1,938,904 shares of the semiconductor company's stock valued at $63,945,000 after purchasing an additional 176,792 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Kulicke and Soffa Industries by 16.0% in the first quarter. Royce & Associates LP now owns 1,351,392 shares of the semiconductor company's stock valued at $44,569,000 after purchasing an additional 185,964 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Kulicke and Soffa Industries by 14.9% in the first quarter. Ameriprise Financial Inc. now owns 1,146,518 shares of the semiconductor company's stock valued at $37,813,000 after purchasing an additional 148,793 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total transaction of $1,112,100.00. Following the completion of the sale, the senior vice president owned 147,533 shares of the company's stock, valued at $5,469,048.31. This represents a 16.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.40% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Stock Down 0.8%

Shares of Kulicke and Soffa Industries stock traded down $0.32 during trading on Wednesday, reaching $37.64. The company's stock had a trading volume of 80,665 shares, compared to its average volume of 586,072. The business's 50-day moving average price is $35.95 and its 200-day moving average price is $34.43. The firm has a market cap of $1.96 billion, a PE ratio of 470.50 and a beta of 1.57. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations 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 quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 18th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.82 annualized dividend and a yield of 2.2%. Kulicke and Soffa Industries's dividend payout ratio is currently 1,025.00%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC upped their price objective 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. TD Cowen upped their price objective on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a "hold" rating in a report 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. Based on data from MarketBeat, Kulicke and Soffa Industries currently has a consensus 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.