Katamaran Capital LLP purchased a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 30,860 shares of the semiconductor company's stock, valued at approximately $1,440,000. Kulicke and Soffa Industries comprises about 1.8% of Katamaran Capital LLP's investment portfolio, making the stock its 21st biggest holding. Katamaran Capital LLP owned approximately 0.06% of Kulicke and Soffa Industries as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in 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 valued at $152,975,000 after buying an additional 50,430 shares during the last quarter. Copeland Capital Management LLC grew its position in shares of Kulicke and Soffa Industries by 2.3% during the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock valued at $70,113,000 after acquiring an additional 33,124 shares during the period. Royce & Associates LP increased its stake in shares of Kulicke and Soffa Industries by 4.9% in the 4th quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock worth $54,379,000 after purchasing an additional 54,116 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Kulicke and Soffa Industries by 2.2% in the 4th quarter. William Blair Investment Management LLC now owns 708,441 shares of the semiconductor company's stock worth $33,056,000 after purchasing an additional 15,010 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position 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 valued at $24,768,000 after purchasing an additional 74,920 shares in the last quarter. Institutional investors own 98.22% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on the company. Needham & Company LLC restated a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research 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 issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $52.00.
Check Out Our Latest Analysis on KLIC
Kulicke and Soffa Industries Stock Performance
Shares of Kulicke and Soffa Industries stock traded down $2.90 during trading hours on Thursday, hitting $29.22. The company's stock had a trading volume of 288,148 shares, compared to its average volume of 536,044. The company has a market cap of $1.56 billion, a PE ratio of 244.32 and a beta of 1.50. The business has a 50 day moving average price of $37.19 and a two-hundred day moving average price of $43.30. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month 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 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 anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were issued a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.81%. Kulicke and Soffa Industries's dividend payout ratio is currently 683.33%.
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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