Fox Run Management L.L.C. purchased a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,488 shares of the semiconductor company's stock, valued at approximately $769,000.
A number of other hedge funds also recently bought and sold shares of KLIC. Copeland Capital Management LLC grew its stake in shares of Kulicke and Soffa Industries by 2.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock worth $70,113,000 after buying an additional 33,124 shares in the last quarter. Royce & Associates LP grew 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 grew 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. TimesSquare Capital Management LLC increased its stake in Kulicke and Soffa Industries by 16.4% during 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 during the last quarter. Finally, Wasatch Advisors LP raised its position in Kulicke and Soffa Industries by 10.8% during the third quarter. Wasatch Advisors LP now owns 398,225 shares of the semiconductor company's stock valued at $17,972,000 after purchasing an additional 38,655 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.
Kulicke and Soffa Industries Stock Performance
Kulicke and Soffa Industries stock traded down $1.44 during mid-day trading on Friday, hitting $33.06. The company's stock had a trading volume of 495,871 shares, compared to its average volume of 515,617. Kulicke and Soffa Industries, Inc. has a one year low of $32.92 and a one year high of $53.71. The stock has a market cap of $1.76 billion, a PE ratio of 275.50 and a beta of 1.38. The company has a 50 day moving average of $40.04 and a 200-day moving average of $43.99.
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 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, equities research analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS 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. Investors of record on Thursday, March 20th will be issued 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 payout ratio is 683.33%.
Analyst Upgrades and Downgrades
KLIC has been the subject of a number of recent research reports. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and set 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 issued a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and a consensus target price of $52.00.
Check Out Our Latest Stock Analysis on Kulicke and Soffa Industries
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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