Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 14.3% in the first quarter, HoldingsChannel.com reports. The fund owned 15,552 shares of the semiconductor company’s stock after selling 2,590 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Kulicke and Soffa Industries were worth $513,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLIC. Wells Fargo & Company MN lifted its position in Kulicke and Soffa Industries by 13.7% during the 4th quarter. Wells Fargo & Company MN now owns 57,372 shares of the semiconductor company’s stock worth $2,677,000 after acquiring an additional 6,927 shares during the period. Envestnet Asset Management Inc. lifted its position in Kulicke and Soffa Industries by 10.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 165,651 shares of the semiconductor company’s stock worth $7,729,000 after acquiring an additional 15,156 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $2,916,000. Barclays PLC raised its stake in shares of Kulicke and Soffa Industries by 1.4% during the 4th quarter. Barclays PLC now owns 98,000 shares of the semiconductor company’s stock valued at $4,573,000 after buying an additional 1,396 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $329,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

KLIC has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. TD Cowen lifted their price objective on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Finally, DA Davidson reduced their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Kulicke and Soffa Industries Stock Performance

KLIC opened at $37.40 on Friday. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08. The stock has a market capitalization of $1.95 billion, a PE ratio of 467.50 and a beta of 1.52. The business’s 50 day moving average price is $35.00 and its 200 day moving average price is $35.14.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $148.41 million for the quarter, compared to analysts’ expectations of $145.48 million. Kulicke and Soffa Industries had a negative return on equity of 1.06% and a net margin of 0.90%. The firm’s quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were given a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.2%. Kulicke and Soffa Industries’s payout ratio is presently 1,025.00%.

Insider Transactions at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $37.07, for a total value of $1,112,100.00. Following the sale, the senior vice president owned 147,533 shares of the company’s stock, valued at $5,469,048.31. The trade was a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by insiders.

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.