OVERSEA CHINESE BANKING Corp Ltd Acquires 1,958 Shares of Kulicke and Soffa Industries, Inc. $KLIC

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 14.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,953 shares of the semiconductor company’s stock after purchasing an additional 1,958 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Kulicke and Soffa Industries were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLIC. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Kulicke and Soffa Industries by 789.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 821 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Kulicke and Soffa Industries during the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Kulicke and Soffa Industries by 280.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,234 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 910 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 1,763.5% during the first quarter. Federated Hermes Inc. now owns 1,379 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Kulicke and Soffa Industries by 404.2% in the second quarter. Signaturefd LLC now owns 2,304 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,847 shares during the period. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Stock Up 0.0%

Shares of KLIC opened at $40.83 on Tuesday. The business has a 50-day simple moving average of $39.44 and a two-hundred day simple moving average of $35.70. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 510.38 and a beta of 1.57. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $148.41 million during 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 business’s quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th were given a $0.205 dividend. The ex-dividend date was Thursday, September 18th. This represents a $0.82 dividend on an annualized basis and a yield of 2.0%. Kulicke and Soffa Industries’s dividend payout ratio is presently 1,025.00%.

Insider Buying and Selling

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president owned 147,533 shares in the company, valued at $5,469,048.31. This represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC increased their target price on Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 7th. B. Riley increased their target price on Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Weiss Ratings downgraded Kulicke and Soffa Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday. Finally, TD Cowen increased their target price on Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.00.

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.