AlphaQuest LLC Raises Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

AlphaQuest LLC boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 466.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,953 shares of the semiconductor company's stock after acquiring an additional 16,430 shares during the quarter. AlphaQuest LLC's holdings in Kulicke and Soffa Industries were worth $931,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KLIC. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kulicke and Soffa Industries by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company's stock valued at $891,000 after purchasing an additional 250 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in Kulicke and Soffa Industries by 6.5% in the fourth quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company's stock valued at $260,000 after purchasing an additional 341 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Kulicke and Soffa Industries by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company's stock valued at $1,695,000 after purchasing an additional 371 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Kulicke and Soffa Industries by 61.0% in the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock valued at $48,000 after buying an additional 387 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Kulicke and Soffa Industries by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 10,951 shares of the semiconductor company's stock worth $511,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

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Analysts Set New Price Targets

KLIC has been the topic of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. DA Davidson lowered their price target on shares of Kulicke and Soffa Industries from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, TD Cowen upped their target price on Kulicke and Soffa Industries from $45.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Kulicke and Soffa Industries Trading Down 0.8 %

Shares of NASDAQ KLIC traded down $0.30 during midday trading on Thursday, reaching $35.59. 476,771 shares of the stock were exchanged, compared to its average volume of 495,368. The stock has a 50 day moving average price of $42.47 and a 200-day moving average price of $44.42. The company has a market capitalization of $1.90 billion, a P/E ratio of 296.58 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.04 and a 52-week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries's payout ratio is 683.33%.

Kulicke and Soffa Industries declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment.