Quantbot Technologies LP Takes Position in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Quantbot Technologies LP has acquired a new stake in Kulicke and Soffa Industries, buying 125,682 shares valued at approximately $4,145,000, representing about 0.24% ownership.
• Recently, several institutional investors, including Federated Hermes Inc. and Caitong International Asset Management Co. Ltd., have significantly increased their positions in Kulicke and Soffa Industries.
• The company's recent earnings report showed a revenue decrease of 18.3% year-over-year, despite beating EPS estimates, highlighting ongoing challenges in the semiconductor sector.

Quantbot Technologies LP acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 125,682 shares of the semiconductor company's stock, valued at approximately $4,145,000. Quantbot Technologies LP owned 0.24% of Kulicke and Soffa Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew 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 buying an additional 606 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $41,000 after acquiring an additional 910 shares during the period. Federated Hermes Inc. boosted its position in shares of Kulicke and Soffa Industries by 1,763.5% in the first quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 1,305 shares during the period. Menard Financial Group LLC bought a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at approximately $54,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Kulicke and Soffa Industries by 9.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock valued at $139,000 after acquiring an additional 254 shares during the period. Institutional investors own 98.22% of the company's stock.

Insider Activity at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.40% of the company's stock.

Kulicke and Soffa Industries Stock Down 0.8%

KLIC traded down $0.3050 during trading on Monday, reaching $37.3650. 53,901 shares of the company's stock were exchanged, compared to its average volume of 590,351. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $52.08. The business has a 50 day moving average price of $35.26 and a 200 day moving average price of $34.73. The company has a market capitalization of $1.95 billion, a P/E ratio of 467.19 and a beta of 1.52.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data 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. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%.The company had revenue of $148.41 million during the quarter, compared to analysts' expectations of $145.48 million. During the same period last year, the business earned $0.35 earnings per share. The business's revenue was down 18.3% on a year-over-year basis. As a group, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is currently 1,025.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KLIC shares. TD Cowen increased their price objective 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. Needham & Company LLC increased their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, DA Davidson reduced their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.33.

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.