QSV Equity Investors LLC Increases Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• QSV Equity Investors LLC has increased its holdings in Kulicke and Soffa Industries, Inc. by 35.8%, acquiring an additional 9,106 shares, bringing their total to 34,573 shares valued at approximately $1.14 million.
• The company's most recent earnings report showed a downward trend with a net revenue decrease of 18.3% year-over-year, despite beating analysts' estimates with earnings per share of $0.07.
• Kulicke and Soffa Industries announced a quarterly dividend of $0.205, with a substantially high payout ratio of 1,025%, indicating potential concerns over sustainability.

QSV Equity Investors LLC increased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 35.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 34,573 shares of the semiconductor company's stock after acquiring an additional 9,106 shares during the quarter. QSV Equity Investors LLC owned about 0.07% of Kulicke and Soffa Industries worth $1,140,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. 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 worth $40,000 after acquiring an additional 606 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Kulicke and Soffa Industries by 280.9% in the 1st 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 during the last quarter. Federated Hermes Inc. increased its holdings in Kulicke and Soffa Industries by 1,763.5% in the 1st quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 1,305 shares during the last quarter. Menard Financial Group LLC purchased a new stake in Kulicke and Soffa Industries in the 4th quarter worth about $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 acquiring an additional 254 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Down 3.4%

KLIC stock opened at $36.11 on Monday. The firm has a market capitalization of $1.88 billion, a PE ratio of 451.38 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The stock has a 50-day simple moving average of $35.06 and a two-hundred day simple moving average of $34.97.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued 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 firm had revenue of $148.41 million during the quarter, compared to the consensus estimate of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%. The company's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were given a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.3%. Kulicke and Soffa Industries's payout ratio is presently 1,025.00%.

Insiders Place Their Bets

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 value of $1,112,100.00. Following the completion of the sale, the senior vice president owned 147,533 shares in the company, valued at approximately $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on KLIC shares. 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 report on Thursday, August 7th. DA Davidson reduced their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC lifted their target price on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, August 7th.

Kulicke and Soffa Industries 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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