Eagle Ridge Investment Management Reduces Stock Position in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

Eagle Ridge Investment Management cut its holdings in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,980 shares of the semiconductor company’s stock after selling 2,468 shares during the quarter. Eagle Ridge Investment Management’s holdings in Kulicke and Soffa Industries were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KLIC. Versant Capital Management Inc boosted its position in Kulicke and Soffa Industries by 758.3% during the 1st quarter. Versant Capital Management Inc now owns 1,399 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 1,236 shares during the period. Icon Wealth Partners LLC acquired a new position in Kulicke and Soffa Industries during the 1st quarter worth $36,000. Financial Gravity Wealth Inc. boosted its position in Kulicke and Soffa Industries by 348.4% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,383 shares during the period. Valeo Financial Advisors LLC acquired a new position in Kulicke and Soffa Industries during the 1st quarter worth $46,000. Finally, Advisor Group Inc. boosted its position in Kulicke and Soffa Industries by 340.9% during the 4th quarter. Advisor Group Inc. now owns 2,231 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,725 shares during the period. Institutional investors own 91.36% of the company’s stock.

A number of brokerages have issued reports on KLIC. Zacks Investment Research upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. ValuEngine upgraded Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, DA Davidson lowered Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $30.00 to $26.00 in a research report on Monday, July 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Kulicke and Soffa Industries presently has a consensus rating of “Hold” and a consensus target price of $27.20.

In other news, Director Peter T. M. Kong acquired 10,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $19.37 per share, for a total transaction of $193,700.00. Following the completion of the acquisition, the director now directly owns 64,690 shares in the company, valued at approximately $1,253,045.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Shares of Kulicke and Soffa Industries stock traded up $0.15 during trading on Thursday, hitting $20.15. The stock had a trading volume of 8,632 shares, compared to its average volume of 486,290. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.33 and a current ratio of 4.85. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.30 and a beta of 1.34. The firm’s fifty day simple moving average is $22.11. Kulicke and Soffa Industries Inc. has a fifty-two week low of $17.40 and a fifty-two week high of $26.90.

Kulicke and Soffa Industries (NASDAQ:KLIC) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $127.11 million during the quarter, compared to analyst estimates of $128.70 million. Kulicke and Soffa Industries had a return on equity of 6.21% and a net margin of 5.96%. The company’s revenue was down 52.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, analysts predict that Kulicke and Soffa Industries Inc. will post 0.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Friday, September 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.38%. Kulicke and Soffa Industries’s dividend payout ratio (DPR) is 19.75%.

Kulicke and Soffa Industries Profile

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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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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