Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP cut its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 41.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,052 shares of the semiconductor company’s stock after selling 213,664 shares during the quarter. Artemis Investment Management LLP owned about 0.55% of Kulicke and Soffa Industries worth $14,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in shares of Kulicke and Soffa Industries in the 1st quarter worth approximately $29,000. SRS Capital Advisors Inc. increased its stake in Kulicke and Soffa Industries by 340.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after buying an additional 443 shares during the period. Principal Securities Inc. purchased a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $33,000. GAMMA Investing LLC purchased a new stake in Kulicke and Soffa Industries during the 4th quarter worth approximately $40,000. Finally, CWM LLC increased its stake in Kulicke and Soffa Industries by 120.7% during the 4th quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after buying an additional 426 shares during the period. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on KLIC. B. Riley cut their target price on shares of Kulicke and Soffa Industries from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Needham & Company LLC reissued a “hold” rating on shares of Kulicke and Soffa Industries in a research report on Friday, May 3rd. TD Cowen reduced their price objective on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Craig Hallum reduced their price objective on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.33.

Kulicke and Soffa Industries Trading Up 3.4 %

NASDAQ:KLIC traded up $1.38 during midday trading on Monday, hitting $41.84. 378,911 shares of the company were exchanged, compared to its average volume of 491,320. The company has a fifty day simple moving average of $46.88 and a 200 day simple moving average of $47.81. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $38.53 and a fifty-two week high of $56.71. The company has a market capitalization of $2.32 billion, a PE ratio of -34.00 and a beta of 1.40.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 8.94% and a positive return on equity of 2.22%. The firm had revenue of $181.70 million for the quarter, compared to analyst estimates of $179.28 million. During the same period last year, the business earned $0.55 EPS. Kulicke and Soffa Industries’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Kulicke and Soffa Industries, Inc. will post -0.31 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, June 20th. Kulicke and Soffa Industries’s payout ratio is currently -67.23%.

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.