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

Kulicke and Soffa Industries Inc. (NASDAQ:KLIC) saw a large 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. Based on an average trading volume of 379,800 shares, the days-to-cover ratio is presently 7.1 days. Currently, 4.4% of the company’s shares are short sold.

In other news, Director Brian R. Bachman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director now owns 23,293 shares of the company’s stock, valued at approximately $582,325. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new position in Kulicke and Soffa Industries in the 2nd quarter worth approximately $51,000. Tower Research Capital LLC TRC boosted its holdings in Kulicke and Soffa Industries by 25,411.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,296 shares of the semiconductor company’s stock worth $52,000 after acquiring an additional 2,287 shares during the period. Quantamental Technologies LLC boosted its holdings in Kulicke and Soffa Industries by 31.2% in the 2nd quarter. Quantamental Technologies LLC now owns 3,378 shares of the semiconductor company’s stock worth $76,000 after acquiring an additional 804 shares during the period. First Mercantile Trust Co. boosted its holdings in Kulicke and Soffa Industries by 56.2% in the 3rd quarter. First Mercantile Trust Co. now owns 8,385 shares of the semiconductor company’s stock worth $197,000 after acquiring an additional 3,016 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Kulicke and Soffa Industries in the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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

KLIC traded up $0.20 on Friday, reaching $26.35. 269,369 shares of the company’s stock were exchanged, compared to its average volume of 438,663. The company’s 50 day moving average is $24.66 and its 200-day moving average is $22.64. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 56.73 and a beta of 1.38. Kulicke and Soffa Industries has a twelve month low of $17.79 and a twelve month high of $26.95. 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 posted its earnings results on Thursday, November 14th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The firm had revenue of $139.80 million during the quarter, compared to the consensus estimate of $140.11 million. Kulicke and Soffa Industries had a net margin of 2.16% and a return on equity of 3.72%. The company’s revenue was down 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Sell-side analysts forecast that Kulicke and Soffa Industries will post 1.28 EPS for the current year.

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

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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