Charles Schwab Investment Management Inc. Sells 29,366 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Charles Schwab Investment Management Inc. decreased its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 607,989 shares of the semiconductor company's stock after selling 29,366 shares during the period. Charles Schwab Investment Management Inc. owned 1.13% of Kulicke and Soffa Industries worth $28,369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after purchasing an additional 918 shares in the last quarter. Metis Global Partners LLC raised its holdings in Kulicke and Soffa Industries by 33.3% during the fourth quarter. Metis Global Partners LLC now owns 8,374 shares of the semiconductor company's stock valued at $391,000 after buying an additional 2,090 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Kulicke and Soffa Industries in the fourth quarter worth about $819,000. Handelsbanken Fonder AB boosted its stake in shares of Kulicke and Soffa Industries by 19.6% during the 4th quarter. Handelsbanken Fonder AB now owns 15,874 shares of the semiconductor company's stock worth $741,000 after acquiring an additional 2,600 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Kulicke and Soffa Industries by 16.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company's stock valued at $24,768,000 after acquiring an additional 74,920 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

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Kulicke and Soffa Industries Trading Down 0.3 %

NASDAQ KLIC traded down $0.12 during trading hours on Friday, reaching $35.77. 459,086 shares of the company's stock were exchanged, compared to its average volume of 497,585. The firm has a fifty day moving average of $41.36 and a 200-day moving average of $44.20. Kulicke and Soffa Industries, Inc. has a one year low of $34.97 and a one year high of $53.71. The stock has a market cap of $1.91 billion, a PE ratio of 298.07 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced 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%. As a group, research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is currently 683.33%.

Analysts Set New Price Targets

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

Kulicke and Soffa Industries 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.