Renaissance Group LLC Purchases 4,154 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Renaissance Group LLC boosted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,068 shares of the semiconductor company’s stock after acquiring an additional 4,154 shares during the period. Renaissance Group LLC owned 0.28% of Kulicke and Soffa Industries worth $8,434,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in Kulicke and Soffa Industries by 381.4% in the first quarter. Nisa Investment Advisors LLC now owns 1,136 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 900 shares during the last quarter. Point72 Middle East FZE acquired a new position in Kulicke and Soffa Industries in the fourth quarter valued at about $65,000. Ronald Blue Trust Inc. lifted its stake in Kulicke and Soffa Industries by 432.9% in the first quarter. Ronald Blue Trust Inc. now owns 1,588 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,290 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Kulicke and Soffa Industries in the first quarter valued at about $75,000. Finally, Point72 Hong Kong Ltd acquired a new position in Kulicke and Soffa Industries in the second quarter valued at about $89,000. Institutional investors own 98.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KLIC shares. Craig Hallum lowered Kulicke and Soffa Industries from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a research note on Thursday, August 10th. DA Davidson raised their price target on Kulicke and Soffa Industries from $60.00 to $70.00 in a research report on Wednesday, June 21st. StockNews.com initiated coverage on Kulicke and Soffa Industries in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, B. Riley raised their price target on Kulicke and Soffa Industries from $45.00 to $50.00 in a research report on Monday, July 17th.

Insider Activity at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 5,000 shares of Kulicke and Soffa Industries stock in a transaction on Friday, June 30th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the senior vice president now directly owns 180,076 shares of the company’s stock, valued at approximately $10,804,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Chan Pin Chong sold 10,000 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $60.00, for a total transaction of $600,000.00. Following the sale, the executive vice president now owns 51,151 shares in the company, valued at approximately $3,069,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nelson Munpun Wong sold 5,000 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the senior vice president now owns 180,076 shares in the company, valued at approximately $10,804,560. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Kulicke and Soffa Industries Price Performance

KLIC stock traded down $0.34 during mid-day trading on Friday, reaching $49.47. The company had a trading volume of 72,305 shares, compared to its average volume of 457,987. The stock has a 50 day simple moving average of $54.76 and a two-hundred day simple moving average of $52.87. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 29.65 and a beta of 1.42. Kulicke and Soffa Industries, Inc. has a 52 week low of $35.95 and a 52 week high of $60.20.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 9th. The semiconductor company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.32 by $0.23. Kulicke and Soffa Industries had a return on equity of 12.34% and a net margin of 11.94%. The company had revenue of $190.92 million during the quarter, compared to the consensus estimate of $190.08 million. During the same period in the previous year, the company posted $2.09 EPS. The firm’s revenue for the quarter was down 48.7% compared to the same quarter last year. On average, equities analysts predict that Kulicke and Soffa Industries, Inc. will post 1.73 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Thursday, September 21st will be paid a $0.19 dividend. The ex-dividend date is Wednesday, September 20th. This represents a $0.76 annualized dividend and a yield of 1.54%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is presently 45.24%.

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 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.