Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,560,400 shares, a growth of 22.5% from the April 30th total of 2,090,200 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average trading volume of 385,400 shares, the days-to-cover ratio is presently 6.6 days.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, June 12th. ValuEngine upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, BidaskClub upgraded shares of Kulicke and Soffa Industries from a “strong sell” rating to a “sell” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $28.40.
In other news, Director Peter T. M. Kong acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $19.37 per share, with a total value of $193,700.00. Following the completion of the purchase, the director now directly owns 64,690 shares of the company’s stock, valued at approximately $1,253,045.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Oak Associates Ltd. OH grew its position in Kulicke and Soffa Industries by 113.0% in the 1st quarter. Oak Associates Ltd. OH now owns 59,320 shares of the semiconductor company’s stock worth $1,312,000 after purchasing an additional 31,475 shares in the last quarter. SG Americas Securities LLC grew its position in Kulicke and Soffa Industries by 5.7% in the 1st quarter. SG Americas Securities LLC now owns 22,822 shares of the semiconductor company’s stock worth $505,000 after purchasing an additional 1,233 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of Kulicke and Soffa Industries by 56.4% during the 4th quarter. Proficio Capital Partners LLC now owns 1,472 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 531 shares during the period. Clark Capital Management Group Inc. grew its position in shares of Kulicke and Soffa Industries by 3.7% during the 1st quarter. Clark Capital Management Group Inc. now owns 475,175 shares of the semiconductor company’s stock valued at $10,506,000 after acquiring an additional 17,067 shares during the period. Finally, Norges Bank bought a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at approximately $31,408,000. 89.73% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ KLIC traded up $0.31 during trading on Thursday, hitting $22.25. 25,602 shares of the company traded hands, compared to its average volume of 408,477. Kulicke and Soffa Industries has a fifty-two week low of $17.40 and a fifty-two week high of $28.69. The firm has a market capitalization of $1.41 billion, a P/E ratio of 9.12, a P/E/G ratio of 3.05 and a beta of 1.27. The company has a current ratio of 7.19, a quick ratio of 6.35 and a debt-to-equity ratio of 0.02.
Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.42 million. Kulicke and Soffa Industries had a net margin of 12.91% and a return on equity of 12.85%. Kulicke and Soffa Industries’s revenue for the quarter was down 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. Equities research analysts forecast that Kulicke and Soffa Industries will post 0.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, June 27th. Kulicke and Soffa Industries’s payout ratio is presently 19.75%.
About Kulicke and Soffa Industries
Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions.
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