SG Americas Securities LLC Sells 10,509 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Posted by MarketBeat News on Aug 5th, 2022

SG Americas Securities LLC lowered its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC – Get Rating) by 54.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,947 shares of the semiconductor company’s stock after selling 10,509 shares during the quarter. SG Americas Securities LLC’s holdings in Kulicke and Soffa Industries were worth $501,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KLIC. Schaper Benz & Wise Investment Counsel Inc. WI purchased a new stake in Kulicke and Soffa Industries during the 1st quarter worth approximately $224,000. C M Bidwell & Associates Ltd. raised its position in shares of Kulicke and Soffa Industries by 282.6% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 4,630 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 3,420 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Kulicke and Soffa Industries in the first quarter valued at approximately $802,000. Bank Hapoalim BM grew its stake in shares of Kulicke and Soffa Industries by 441.6% in the first quarter. Bank Hapoalim BM now owns 81,855 shares of the semiconductor company’s stock worth $4,586,000 after acquiring an additional 66,742 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Kulicke and Soffa Industries by 1.4% during the first quarter. Comerica Bank now owns 75,079 shares of the semiconductor company’s stock worth $3,884,000 after purchasing an additional 1,061 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Nelson Munpun Wong sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $53.78, for a total value of $268,900.00. Following the completion of the transaction, the senior vice president now owns 166,167 shares of the company’s stock, valued at $8,936,461.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley reduced their price objective on Kulicke and Soffa Industries from $59.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, June 15th. DA Davidson reaffirmed a “buy” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, July 27th. Finally, StockNews.com downgraded Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.00.

Kulicke and Soffa Industries Stock Up 3.2 %

Shares of NASDAQ KLIC opened at $49.72 on Friday. The business’s 50 day moving average price is $46.54 and its two-hundred day moving average price is $50.54. The company has a market cap of $2.94 billion, a PE ratio of 6.33 and a beta of 1.35. Kulicke and Soffa Industries, Inc. has a twelve month low of $37.35 and a twelve month high of $75.29.

Kulicke and Soffa Industries (NASDAQ:KLIC – Get Rating) last announced its earnings results on Wednesday, August 3rd. The semiconductor company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.54. Kulicke and Soffa Industries had a net margin of 28.33% and a return on equity of 46.89%. During the same period in the previous year, the firm earned $1.87 earnings per share. As a group, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 7.22 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Thursday, June 23rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, June 22nd. Kulicke and Soffa Industries’s payout ratio is 8.65%.

About Kulicke and Soffa Industries

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Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products.