Millennium Management LLC Buys 55,862 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Millennium Management LLC lifted its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 418.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,211 shares of the semiconductor company’s stock after acquiring an additional 55,862 shares during the quarter. Millennium Management LLC owned approximately 0.12% of Kulicke and Soffa Industries worth $3,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLIC. CWM LLC boosted its position in shares of Kulicke and Soffa Industries by 53.4% in the first quarter. CWM LLC now owns 1,195 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 416 shares during the period. Texas Permanent School Fund Corp increased its stake in Kulicke and Soffa Industries by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 49,309 shares of the semiconductor company’s stock worth $2,481,000 after buying an additional 525 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kulicke and Soffa Industries during the first quarter valued at about $29,000. Donald L. Hagan LLC raised its holdings in Kulicke and Soffa Industries by 10.6% during the second quarter. Donald L. Hagan LLC now owns 6,525 shares of the semiconductor company’s stock valued at $321,000 after acquiring an additional 626 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 7.6% in the first quarter. ProShare Advisors LLC now owns 11,212 shares of the semiconductor company’s stock worth $564,000 after acquiring an additional 788 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Trading Up 3.1 %

Shares of KLIC stock opened at $45.27 on Monday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -38.04 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 12-month low of $38.20 and a 12-month high of $56.71. The stock’s 50-day moving average price is $42.29 and its 200-day moving average price is $45.66.

Kulicke and Soffa Industries (NASDAQ:KLIC) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Kulicke and Soffa Industries had a negative net margin of 7.94% and a positive return on equity of 0.61%. The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is -67.23%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KLIC. Craig Hallum decreased their target price on Kulicke and Soffa Industries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. TD Cowen reduced their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries currently has a consensus rating of “Hold” and a consensus target price of $47.33.

Kulicke and Soffa Industries Company 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.