First Eagle Investment Management LLC decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 47.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,938 shares of the semiconductor company's stock after selling 132,000 shares during the period. First Eagle Investment Management LLC owned approximately 0.27% of Kulicke and Soffa Industries worth $6,716,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in KLIC. Advisors Asset Management Inc. boosted its position 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 buying an additional 414 shares during the period. GAMMA Investing LLC boosted its position in Kulicke and Soffa Industries by 61.0% during the 4th 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 during the period. Public Employees Retirement System of Ohio purchased a new stake in Kulicke and Soffa Industries during the 3rd quarter valued at $53,000. Smartleaf Asset Management LLC boosted its position 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 valued at $53,000 after buying an additional 918 shares during the period. Finally, KBC Group NV boosted its position in Kulicke and Soffa Industries by 93.2% during the 4th quarter. KBC Group NV now owns 2,898 shares of the semiconductor company's stock valued at $135,000 after buying an additional 1,398 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.
Kulicke and Soffa Industries Trading Down 1.1 %
NASDAQ KLIC traded down $0.40 during trading on Thursday, hitting $35.89. The company had a trading volume of 340,372 shares, compared to its average volume of 494,186. Kulicke and Soffa Industries, Inc. has a one year low of $35.04 and a one year high of $53.71. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 299.08 and a beta of 1.38. The company'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 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 negative return on equity of 1.26% and a net margin of 0.48%. As a group, equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS 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. Investors of record on Thursday, March 20th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.28%. Kulicke and Soffa Industries's payout ratio is 683.33%.
Wall Street Analysts Forecast Growth
KLIC has been the subject of several analyst 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 reissued a "buy" rating and set a $53.00 price target on shares of Kulicke and Soffa Industries in a research 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Get Our Latest Stock Report on Kulicke and Soffa Industries
Kulicke and Soffa Industries Company 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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