Y Intercept Hong Kong Ltd Invests $817,000 in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Key Points

• Y Intercept Hong Kong Ltd has invested approximately $817,000 in Kulicke and Soffa Industries, purchasing 24,761 shares during the first quarter.
• Several brokerages have recently downgraded their price targets for Kulicke and Soffa Industries, with Needham & Company cutting their target from $53.00 to $37.00 and maintaining a "buy" rating.
• Kulicke and Soffa Industries reported a loss per share of ($0.52) for the most recent quarter, significantly missing analysts' expectations of $0.19 EPS.

Y Intercept Hong Kong Ltd bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,761 shares of the semiconductor company's stock, valued at approximately $817,000.

Several other hedge funds have also added to or reduced their stakes in KLIC. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $37,000. Fifth Third Bancorp lifted its holdings in 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 purchasing an additional 606 shares during the last quarter. Menard Financial Group LLC acquired a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $54,000. Quadrant Capital Group LLC lifted its holdings in Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 371 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Kulicke and Soffa Industries by 27.0% during the 4th quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after purchasing an additional 434 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on KLIC shares. Needham & Company LLC dropped their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 8th. DA Davidson dropped their price target 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, TD Cowen dropped their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Trading Down 1.3%

NASDAQ KLIC traded down $0.46 during midday trading on Tuesday, hitting $34.77. The company had a trading volume of 69,426 shares, compared to its average volume of 597,433. The company has a market capitalization of $1.83 billion, a PE ratio of 96.70 and a beta of 1.54. The firm has a 50-day moving average price of $34.49 and a 200-day moving average price of $36.03. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). The company had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. Kulicke and Soffa Industries's revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.95) earnings per share. On average, equities analysts anticipate 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 was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were issued a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.36%. Kulicke and Soffa Industries's dividend payout ratio is presently 227.78%.

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.