American Century Companies Inc. Lowers Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

American Century Companies Inc. decreased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,982,363 shares of the semiconductor company's stock after selling 342,493 shares during the period. American Century Companies Inc. owned approximately 3.69% of Kulicke and Soffa Industries worth $92,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KLIC. Advisors Asset Management Inc. lifted its holdings in Kulicke and Soffa Industries by 137.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 414 shares during the last quarter. GAMMA Investing LLC increased its stake 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. Signaturefd LLC raised its holdings in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after buying an additional 278 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Kulicke and Soffa Industries during the third quarter worth approximately $53,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Kulicke and Soffa Industries by 397.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after buying an additional 918 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Kulicke and Soffa Industries Price Performance

KLIC traded down $1.44 on Friday, hitting $33.06. 495,871 shares of the stock were exchanged, compared to its average volume of 515,617. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 275.50 and a beta of 1.38. The business has a 50-day moving average of $40.33 and a two-hundred day moving average of $44.03. Kulicke and Soffa Industries, Inc. has a 12 month low of $32.92 and a 12 month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a $0.205 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.48%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 683.33%.

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.