Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,651 shares of the semiconductor company's stock after purchasing an additional 15,156 shares during the quarter. Envestnet Asset Management Inc. owned 0.31% of Kulicke and Soffa Industries worth $7,729,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock worth $152,975,000 after purchasing an additional 50,430 shares during the period. Copeland Capital Management LLC raised its position in Kulicke and Soffa Industries by 2.3% in the fourth quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock worth $70,113,000 after acquiring an additional 33,124 shares in the last quarter. Royce & Associates LP raised its position in Kulicke and Soffa Industries by 4.9% in the fourth quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock worth $54,379,000 after acquiring an additional 54,116 shares in the last quarter. William Blair Investment Management LLC raised its position in Kulicke and Soffa Industries by 2.2% in the fourth quarter. William Blair Investment Management LLC now owns 708,441 shares of the semiconductor company's stock worth $33,056,000 after acquiring an additional 15,010 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Kulicke and Soffa Industries by 16.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company's stock worth $24,768,000 after acquiring an additional 74,920 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kulicke and Soffa Industries Stock Performance

Shares of KLIC stock traded up $0.89 on Thursday, hitting $31.51. The stock had a trading volume of 80,217 shares, compared to its average volume of 608,222. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 262.58 and a beta of 1.50. The stock's 50 day moving average is $34.74 and its 200-day moving average is $42.31. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71.

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

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.60%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 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.