Russell Investments Group Ltd. Acquires New Holdings in Kulicke and Soffa Industries Inc. (NASDAQ:KLIC)

Russell Investments Group Ltd. acquired a new stake in shares of Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,255 shares of the semiconductor company’s stock, valued at approximately $51,000.

Other large investors have also recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new position in Kulicke and Soffa Industries during the first quarter valued at approximately $36,000. Financial Gravity Wealth Inc. grew its stake in Kulicke and Soffa Industries by 348.4% during the second quarter. Financial Gravity Wealth Inc. now owns 1,780 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,383 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $202,000. Raymond James Trust N.A. purchased a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $209,000. Finally, Wedge Capital Management L L P NC purchased a new position in Kulicke and Soffa Industries during the second quarter valued at approximately $326,000. 91.79% of the stock is owned by institutional investors.

Several brokerages recently commented on KLIC. Zacks Investment Research cut shares of Kulicke and Soffa Industries from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. DA Davidson cut shares of Kulicke and Soffa Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $30.00 to $26.00 in a research note on Monday, July 8th. ValuEngine raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, BidaskClub raised shares of Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Kulicke and Soffa Industries has a consensus rating of “Buy” and an average price target of $26.50.

Kulicke and Soffa Industries stock traded up $0.15 during mid-day trading on Monday, hitting $23.51. 10,231 shares of the company traded hands, compared to its average volume of 405,465. Kulicke and Soffa Industries Inc. has a one year low of $17.40 and a one year high of $24.99. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 9.68 and a beta of 1.35. 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 fifty day moving average price of $21.65 and a 200-day moving average price of $22.01.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Friday, September 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.48 annualized dividend and a yield of 2.04%. 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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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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