Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) Short Interest Up 12.3% in June

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,876,000 shares, an increase of 12.3% from the May 15th total of 2,560,400 shares. Based on an average daily trading volume, of 396,000 shares, the short-interest ratio is presently 7.3 days. Approximately 4.4% of the shares of the company are sold short.

A number of brokerages have weighed in on KLIC. BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a research note on Thursday. DA Davidson lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $55.00 in a research note on Monday, July 8th. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine upgraded China Southern Airlines from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.20.

In related news, Director Peter T. M. Kong bought 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $19.37 per share, for a total transaction of $193,700.00. Following the purchase, the director now owns 64,690 shares in the company, valued at $1,253,045.30. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its holdings in Kulicke and Soffa Industries by 103.1% in the 4th quarter. Advisory Services Network LLC now owns 1,243 shares of the semiconductor company’s stock worth $25,000 after buying an additional 631 shares during the period. Versant Capital Management Inc boosted its holdings in shares of 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 last quarter. Icon Wealth Partners LLC bought a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $36,000. Advisor Group Inc. boosted its holdings in shares of 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 valued at $46,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Kulicke and Soffa Industries during the 1st quarter valued at about $46,000. 89.82% of the stock is owned by institutional investors.

Shares of NASDAQ:KLIC traded down $0.34 during midday trading on Friday, hitting $21.95. The company had a trading volume of 380,100 shares, compared to its average volume of 402,954. The firm has a market cap of $1.43 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 3.15 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.35 and a current ratio of 7.19. The business has a fifty day simple moving average of $21.70. Kulicke and Soffa Industries has a 12-month low of $17.40 and a 12-month high of $28.06.

Kulicke and Soffa Industries (NASDAQ:KLIC) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.42 million. Kulicke and Soffa Industries had a return on equity of 12.85% and a net margin of 12.91%. The company’s quarterly revenue was down 47.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. On average, equities analysts expect that Kulicke and Soffa Industries will post 0.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, June 27th. Kulicke and Soffa Industries’s dividend payout ratio is currently 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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