Point72 Hong Kong Ltd Invests $24.11 Million in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Point72 Hong Kong Ltd purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 516,705 shares of the semiconductor company's stock, valued at approximately $24,109,000. Kulicke and Soffa Industries makes up 1.5% of Point72 Hong Kong Ltd's holdings, making the stock its 12th biggest holding. Point72 Hong Kong Ltd owned about 0.96% of Kulicke and Soffa Industries as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Kulicke and Soffa Industries in the fourth quarter valued at $37,000. Signaturefd LLC raised its position in Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after buying an additional 278 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after buying an additional 918 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of 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 increased its holdings in shares of 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 acquiring an additional 434 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Cowen lowered 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. Needham & Company LLC cut their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. DA Davidson decreased their price target 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. Finally, StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Stock Down 0.9%

NASDAQ:KLIC traded down $0.32 on Friday, reaching $33.82. 418,487 shares of the company's stock traded hands, compared to its average volume of 561,329. The firm has a market cap of $1.78 billion, a PE ratio of 281.83 and a beta of 1.53. The stock has a 50-day simple moving average of $32.55 and a 200-day simple moving average of $40.88. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The business had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The business's quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned ($0.95) EPS. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.42%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

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.