Texas Permanent School Fund Corp Sells 5,155 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Texas Permanent School Fund Corp decreased its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,154 shares of the semiconductor company’s stock after selling 5,155 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Kulicke and Soffa Industries were worth $2,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Kulicke and Soffa Industries during the first quarter worth about $29,000. Principal Securities Inc. bought a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth approximately $33,000. CWM LLC grew its stake in shares of Kulicke and Soffa Industries by 53.4% during the 1st quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 416 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Kulicke and Soffa Industries by 29.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,194 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 272 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Kulicke and Soffa Industries by 17,075.0% in the second quarter. Blue Trust Inc. now owns 1,374 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 1,366 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of KLIC stock opened at $40.99 on Wednesday. The company has a fifty day moving average price of $43.91 and a two-hundred day moving average price of $46.33. Kulicke and Soffa Industries, Inc. has a one year low of $38.20 and a one year high of $56.71. The stock has a market cap of $2.27 billion, a P/E ratio of -34.45 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $181.70 million during the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. Kulicke and Soffa Industries’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. As a group, equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Thursday, September 19th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is currently -67.23%.

Analyst Ratings Changes

A number of research analysts recently weighed in on KLIC shares. TD Cowen decreased their target price on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, August 8th. Craig Hallum decreased their price objective on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.33.

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.