Ifrah Financial Services Inc. Buys 386 Shares of Kulicke and Soffa Industries, Inc. $KLIC

Ifrah Financial Services Inc. raised its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,433 shares of the semiconductor company’s stock after buying an additional 386 shares during the period. Ifrah Financial Services Inc.’s holdings in Kulicke and Soffa Industries were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Meritage Portfolio Management increased its holdings in shares of Kulicke and Soffa Industries by 6.9% in the 2nd quarter. Meritage Portfolio Management now owns 6,983 shares of the semiconductor company’s stock worth $242,000 after buying an additional 452 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Kulicke and Soffa Industries by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 28,663 shares of the semiconductor company’s stock worth $945,000 after buying an additional 534 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Kulicke and Soffa Industries by 99.7% in the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company’s stock worth $40,000 after buying an additional 606 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Kulicke and Soffa Industries by 789.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 925 shares of the semiconductor company’s stock worth $32,000 after buying an additional 821 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kulicke and Soffa Industries by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,080 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 877 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Insider Transactions at Kulicke and Soffa Industries

In other Kulicke and Soffa Industries news, SVP Nelson Munpun Wong sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $37.07, for a total value of $1,112,100.00. Following the sale, the senior vice president owned 147,533 shares of the company’s stock, valued at $5,469,048.31. This trade represents a 16.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by company insiders.

Kulicke and Soffa Industries Stock Down 2.2%

Shares of Kulicke and Soffa Industries stock opened at $38.86 on Friday. The firm has a market cap of $2.03 billion, a PE ratio of 485.75 and a beta of 1.57. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $52.08. The company’s fifty day simple moving average is $39.04 and its two-hundred day simple moving average is $35.22.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $148.41 million for the quarter, compared to analyst estimates of $145.48 million. Kulicke and Soffa Industries had a net margin of 0.90% and a negative return on equity of 1.06%. The company’s revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, sell-side analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Thursday, September 18th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 18th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 1,025.00%.

Wall Street Analysts Forecast Growth

KLIC has been the topic of several recent research reports. Needham & Company LLC increased their target price on shares of Kulicke and Soffa Industries from $37.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kulicke and Soffa Industries in a report on Wednesday, October 8th. TD Cowen increased their target price on shares of Kulicke and Soffa Industries from $36.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, August 7th. Finally, B. Riley increased their target price on shares of Kulicke and Soffa Industries from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.00.

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.