Quantbot Technologies LP Makes New $4.15 Million Investment 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 bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 125,682 shares of the semiconductor company's stock, valued at approximately $4,145,000. Quantbot Technologies LP owned approximately 0.24% of Kulicke and Soffa Industries as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KLIC. Fifth Third Bancorp raised its stake in shares of Kulicke and Soffa Industries by 99.7% during the 1st 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. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 buying an additional 910 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of 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 buying an additional 1,305 shares in the last quarter. Menard Financial Group LLC purchased a new stake in shares of Kulicke and Soffa Industries in the 4th quarter worth about $54,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 254 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KLIC. DA Davidson decreased their price objective on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC boosted their price objective 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. Finally, TD Cowen boosted their price objective on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.33.

Insider Buying and Selling at Kulicke and Soffa Industries

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the 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 transaction, the senior vice president directly owned 147,533 shares in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.40% of the stock is currently owned by insiders.

Kulicke and Soffa Industries Stock Up 3.5%

Shares of KLIC stock traded up $1.29 during trading hours on Friday, hitting $37.67. 360,316 shares of the company were exchanged, compared to its average volume of 539,582. The firm has a market cap of $1.96 billion, a PE ratio of 470.88 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $52.08. The firm has a fifty day moving average of $35.26 and a 200 day moving average of $34.84.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The company's revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.205 per share. 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 dividend payout ratio is presently 1,025.00%.

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.