Quest Partners LLC Acquires 5,345 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Quest Partners LLC increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 23,239.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,368 shares of the semiconductor company’s stock after buying an additional 5,345 shares during the period. Quest Partners LLC’s holdings in Kulicke and Soffa Industries were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Emerald Advisers LLC raised its position in shares of Kulicke and Soffa Industries by 57.5% in the 2nd quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company’s stock worth $21,791,000 after acquiring an additional 161,791 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Kulicke and Soffa Industries by 61.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 355,675 shares of the semiconductor company’s stock worth $17,496,000 after purchasing an additional 135,444 shares in the last quarter. DDD Partners LLC purchased a new stake in shares of Kulicke and Soffa Industries during the second quarter valued at about $8,163,000. nVerses Capital LLC boosted its holdings in shares of Kulicke and Soffa Industries by 1,900.0% in the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 1,900 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Kulicke and Soffa Industries in the 2nd quarter worth approximately $73,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Kulicke and Soffa Industries Trading Up 2.4 %

Shares of Kulicke and Soffa Industries stock opened at $40.28 on Friday. The firm’s 50 day simple moving average is $44.24 and its two-hundred day simple moving average is $46.45. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -33.85 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 12-month low of $38.20 and a 12-month high of $56.71.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. On average, sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 19th will be given a $0.20 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.99%. Kulicke and Soffa Industries’s dividend payout ratio is currently -67.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KLIC shares. Craig Hallum lowered their target price on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen lowered their price objective on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.33.

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.