Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stock Holdings Increased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in Kulicke and Soffa Industries by 244.8%, now holding 24,303 shares valued at approximately $802,000 according to its latest SEC filing.
• Recent analyst ratings for Kulicke and Soffa revealed mixed sentiment, with price targets lowered by TD Cowen and DA Davidson, while the company maintains a consensus rating of "Moderate Buy".
• Kulicke and Soffa reported a net loss of $0.52 EPS in its latest quarterly earnings, falling short of analysts' expectations, alongside a revenue decline of 5.9% year-over-year.

XTX Topco Ltd raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 244.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,303 shares of the semiconductor company's stock after purchasing an additional 17,254 shares during the quarter. XTX Topco Ltd's holdings in Kulicke and Soffa Industries were worth $802,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of 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 in the last quarter. Federated Hermes Inc. grew 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 acquiring an additional 1,305 shares in the last quarter. Menard Financial Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth approximately $54,000. Quadrant Capital Group LLC grew its position in shares of Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Kulicke and Soffa Industries by 27.0% in the 4th quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after acquiring an additional 434 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC traded up $0.33 during mid-day trading on Friday, hitting $35.31. The company had a trading volume of 377,155 shares, compared to its average volume of 601,785. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 441.34 and a beta of 1.52. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $52.08. The firm's 50 day simple moving average is $34.62 and its two-hundred day simple moving average is $35.45.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) 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 the consensus estimate of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.03% and a net margin of 0.90%. The business's revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.3%. Kulicke and Soffa Industries's payout ratio is presently 1,025.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen lifted their target price on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the stock a "hold" rating in a research report on Thursday. Needham & Company LLC lifted their target price on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, DA Davidson cut their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and a consensus price target of $45.75.

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.