Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,743 shares of the semiconductor company's stock after selling 51,336 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of Kulicke and Soffa Industries worth $4,421,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in KLIC. Advisors Asset Management Inc. grew its stake in shares of 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 buying an additional 414 shares during the period. Intech Investment Management LLC acquired a new position in shares of Kulicke and Soffa Industries during the 3rd quarter valued at $608,000. Citigroup Inc. increased its holdings in Kulicke and Soffa Industries by 37.4% in the 3rd quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company's stock valued at $6,794,000 after purchasing an additional 40,990 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Kulicke and Soffa Industries by 9.3% during the third quarter. D.A. Davidson & CO. now owns 10,551 shares of the semiconductor company's stock worth $476,000 after purchasing an additional 900 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Kulicke and Soffa Industries by 308.6% in the third quarter. FMR LLC now owns 13,369 shares of the semiconductor company's stock valued at $603,000 after buying an additional 10,097 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.
Wall Street Analyst Weigh In
KLIC has been the topic of a number of recent research reports. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and set a $53.00 target price on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $52.00.
View Our Latest Stock Report on KLIC
Kulicke and Soffa Industries Stock Performance
Shares of Kulicke and Soffa Industries stock traded down $0.40 during trading on Thursday, reaching $35.89. The company had a trading volume of 340,372 shares, compared to its average volume of 494,186. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 299.08 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $53.71. The firm's fifty day moving average is $41.59 and its 200-day moving average is $44.25.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued 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, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.
Kulicke and Soffa Industries Announces Dividend
The business also recently announced 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. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.28%. Kulicke and Soffa Industries's payout ratio is currently 683.33%.
Kulicke and Soffa Industries Profile
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Free Report)
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.
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