Sei Investments Co. Sells 16,128 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Sei Investments Co. reduced its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,686 shares of the semiconductor company’s stock after selling 16,128 shares during the quarter. Sei Investments Co. owned about 0.49% of Kulicke and Soffa Industries worth $13,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of KLIC. First Eagle Investment Management LLC grew its position in shares of Kulicke and Soffa Industries by 10.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 227,199 shares of the semiconductor company’s stock worth $11,176,000 after buying an additional 21,900 shares in the last quarter. Quantbot Technologies LP grew its holdings in Kulicke and Soffa Industries by 193.4% during the 2nd quarter. Quantbot Technologies LP now owns 61,471 shares of the semiconductor company’s stock worth $3,024,000 after acquiring an additional 40,517 shares in the last quarter. Federated Hermes Inc. increased its position in Kulicke and Soffa Industries by 433.4% during the 2nd quarter. Federated Hermes Inc. now owns 52,484 shares of the semiconductor company’s stock valued at $2,582,000 after purchasing an additional 42,644 shares during the period. Quest Partners LLC raised its holdings in shares of Kulicke and Soffa Industries by 23,239.1% in the 2nd quarter. Quest Partners LLC now owns 5,368 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 5,345 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in shares of Kulicke and Soffa Industries by 57.5% in the 2nd quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company’s stock worth $21,791,000 after purchasing an additional 161,791 shares during the period. 98.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on KLIC. Craig Hallum cut 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, August 8th. TD Cowen dropped their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries presently has a consensus rating of “Hold” and an average price target of $47.33.

Kulicke and Soffa Industries Stock Up 0.3 %

Shares of Kulicke and Soffa Industries stock opened at $44.77 on Friday. The company has a market cap of $2.48 billion, a P/E ratio of -37.62 and a beta of 1.38. The firm’s 50 day moving average price is $42.65 and its 200-day moving average price is $46.01. Kulicke and Soffa Industries, Inc. has a 52-week low of $38.20 and a 52-week high of $56.71.

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

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.79%. Kulicke and Soffa Industries’s payout ratio is -67.23%.

About Kulicke and Soffa Industries

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.