Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) Short Interest Up 21.1% in November

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was the target of a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 2,700,000 shares, an increase of 21.1% from the November 14th total of 2,230,000 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average daily trading volume, of 379,800 shares, the short-interest ratio is currently 7.1 days.

Kulicke and Soffa Industries stock traded up $0.20 during trading on Friday, reaching $26.35. The company had a trading volume of 269,369 shares, compared to its average volume of 438,663. Kulicke and Soffa Industries has a 12-month low of $17.79 and a 12-month high of $26.95. The stock’s 50 day moving average price is $24.66 and its two-hundred day moving average price is $22.64. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 56.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.61 and a current ratio of 5.12.

Kulicke and Soffa Industries (NASDAQ:KLIC) last released its earnings results on Thursday, November 14th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Kulicke and Soffa Industries had a net margin of 2.16% and a return on equity of 3.72%. The firm had revenue of $139.80 million during the quarter, compared to the consensus estimate of $140.11 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Kulicke and Soffa Industries’s revenue was down 24.4% compared to the same quarter last year. As a group, research analysts expect that Kulicke and Soffa Industries will post 1.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.48 annualized dividend and a yield of 1.82%. Kulicke and Soffa Industries’s dividend payout ratio is currently 104.35%.

A number of research firms recently issued reports on KLIC. ValuEngine downgraded shares of Kulicke and Soffa Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. B. Riley restated a “buy” rating and issued a $32.00 target price on shares of Kulicke and Soffa Industries in a report on Monday, November 11th. Cowen boosted their target price on shares of Kulicke and Soffa Industries from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, November 15th. BidaskClub upgraded shares of Kulicke and Soffa Industries from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, DA Davidson upgraded shares of Kulicke and Soffa Industries from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.00.

In related news, Director Brian R. Bachman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the sale, the director now directly owns 23,293 shares in the company, valued at $582,325. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in Kulicke and Soffa Industries by 2.7% during the second quarter. Invesco Ltd. now owns 1,835,064 shares of the semiconductor company’s stock worth $41,381,000 after buying an additional 48,804 shares during the period. Whale Rock Capital Management LLC purchased a new stake in Kulicke and Soffa Industries during the second quarter worth approximately $36,170,000. ARGA Investment Management LP grew its stake in Kulicke and Soffa Industries by 2.6% during the third quarter. ARGA Investment Management LP now owns 1,326,565 shares of the semiconductor company’s stock worth $31,148,000 after buying an additional 33,187 shares during the period. Bank of America Corp DE grew its stake in Kulicke and Soffa Industries by 1.4% during the second quarter. Bank of America Corp DE now owns 536,275 shares of the semiconductor company’s stock worth $12,093,000 after buying an additional 7,161 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Kulicke and Soffa Industries by 18.9% during the third quarter. Fisher Asset Management LLC now owns 467,515 shares of the semiconductor company’s stock worth $10,977,000 after buying an additional 74,411 shares during the period. Institutional investors own 90.13% of the company’s stock.

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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