Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stake Boosted by Cwm LLC

Cwm LLC grew its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 101.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,923 shares of the semiconductor company’s stock after acquiring an additional 970 shares during the period. Cwm LLC’s holdings in Kulicke and Soffa Industries were worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at $29,000. Blue Trust Inc. grew its holdings in shares of Kulicke and Soffa Industries by 17,075.0% during the 2nd quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 1,366 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Kulicke and Soffa Industries during the 2nd quarter valued at $73,000. nVerses Capital LLC grew its holdings in shares of Kulicke and Soffa Industries by 1,900.0% during the 2nd quarter. nVerses Capital LLC now owns 2,000 shares of the semiconductor company’s stock valued at $98,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Kulicke and Soffa Industries by 56.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,741 shares of the semiconductor company’s stock valued at $135,000 after acquiring an additional 990 shares in the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Price Performance

KLIC stock opened at $44.59 on Friday. Kulicke and Soffa Industries, Inc. has a 52-week low of $38.20 and a 52-week high of $56.71. The company has a 50-day moving average of $42.87 and a two-hundred day moving average of $45.36. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -42.87 and a beta of 1.38.

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

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio is currently -76.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KLIC. TD Cowen decreased their price objective on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 8th. Craig Hallum decreased their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.