Woodline Partners LP Has $14.47 Million Stock Holdings in Kulicke and Soffa Industries, Inc. $KLIC

Key Points

• Woodline Partners LP significantly increased its stake in Kulicke and Soffa Industries by 1,401.7%, owning approximately 0.83% of the company worth $14.47 million after acquiring 409,456 additional shares.
• Analysts are optimistic about Kulicke and Soffa Industries, with brokerages raising their price targets and a consensus rating of "Moderate Buy." The current price target averages $44.33.
• Kulicke and Soffa Industries recently declared a quarterly dividend of $0.205 per share, resulting in an annual yield of 2.2%, despite a high dividend payout ratio of 1,025.00%.

Woodline Partners LP raised its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 1,401.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,667 shares of the semiconductor company's stock after buying an additional 409,456 shares during the period. Woodline Partners LP owned about 0.83% of Kulicke and Soffa Industries worth $14,467,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings 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 acquiring an additional 606 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 purchasing an additional 910 shares during the last quarter. Federated Hermes Inc. increased its holdings 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 purchasing an additional 1,305 shares during the last quarter. Menard Financial Group LLC bought a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at about $54,000. Finally, State of Wyoming raised its position in shares of Kulicke and Soffa Industries by 6,289.3% in the fourth quarter. State of Wyoming now owns 3,578 shares of the semiconductor company's stock valued at $167,000 after purchasing an additional 3,522 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on KLIC. TD Cowen lifted their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a report on Thursday, August 7th. Needham & Company LLC boosted their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a "buy" 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.33.

Insiders Place Their Bets

In other news, SVP Nelson Munpun Wong sold 30,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was 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 directly owned 147,533 shares in the company, valued at approximately $5,469,048.31. This represents a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.

Kulicke and Soffa Industries Stock Performance

NASDAQ:KLIC traded down $0.40 during mid-day trading on Friday, reaching $38.62. 405,584 shares of the company's stock were exchanged, compared to its average volume of 442,899. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08. The business's fifty day simple moving average is $36.06 and its two-hundred day simple moving average is $34.39. The firm has a market capitalization of $2.01 billion, a PE ratio of 482.75 and a beta of 1.57.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted 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 net margin of 0.90% and a negative return on equity of 1.06%. The firm had revenue of $148.41 million during the quarter, compared to the consensus estimate of $145.48 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business's revenue for the quarter was down 18.3% compared to the same quarter last year. As a group, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 1,025.00%.

About Kulicke and Soffa Industries

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.