Maryland State Retirement & Pension System Has $1.12 Million Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Maryland State Retirement & Pension System reduced its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,525 shares of the semiconductor company’s stock after selling 276 shares during the period. Maryland State Retirement & Pension System’s holdings in Kulicke and Soffa Industries were worth $1,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in Kulicke and Soffa Industries by 340.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 573 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 443 shares during the period. Blue Trust Inc. grew its position in shares of Kulicke and Soffa Industries by 224.6% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the semiconductor company’s stock worth $37,000 after buying an additional 465 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth approximately $40,000. CWM LLC raised its stake in shares of Kulicke and Soffa Industries by 120.7% during the fourth quarter. CWM LLC now owns 779 shares of the semiconductor company’s stock worth $43,000 after buying an additional 426 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Kulicke and Soffa Industries by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,873 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 353 shares during the period. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TheStreet cut shares of Kulicke and Soffa Industries from a “b-” rating to a “c” rating in a research report on Wednesday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Kulicke and Soffa Industries in a research note on Friday, May 3rd. Finally, B. Riley cut their target price on 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. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and a consensus target price of $59.00.

Kulicke and Soffa Industries Stock Up 0.4 %

Shares of NASDAQ KLIC opened at $48.21 on Thursday. Kulicke and Soffa Industries, Inc. has a twelve month low of $40.20 and a twelve month high of $60.20. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -40.51 and a beta of 1.48. The company’s fifty day moving average is $48.14 and its 200-day moving average is $49.30.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, May 1st. The semiconductor company reported ($0.95) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($1.19). Kulicke and Soffa Industries had a positive return on equity of 2.22% and a negative net margin of 8.94%. The business had revenue of $172.10 million for the quarter, compared to the consensus estimate of $170.20 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 1.2 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Monday, March 25th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. Kulicke and Soffa Industries’s payout ratio is -67.23%.

Insiders Place Their Bets

In other news, SVP Robert Nestor Chylak sold 8,771 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $48.97, for a total transaction of $429,515.87. Following the completion of the sale, the senior vice president now owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Robert Nestor Chylak sold 8,771 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $48.97, for a total transaction of $429,515.87. Following the completion of the transaction, the senior vice president now directly owns 24,240 shares of the company’s stock, valued at $1,187,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter T. M. Kong acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $47.51 per share, with a total value of $47,510.00. Following the completion of the acquisition, the director now owns 92,072 shares of the company’s stock, valued at approximately $4,374,340.72. The disclosure for this purchase can be found here. Corporate insiders own 0.03% of the company’s stock.

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.