Amundi Acquires 18,623 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Amundi boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 200.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,898 shares of the semiconductor company's stock after purchasing an additional 18,623 shares during the quarter. Amundi owned about 0.05% of Kulicke and Soffa Industries worth $1,326,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KLIC. Pinpoint Asset Management Ltd bought a new stake in Kulicke and Soffa Industries in the third quarter worth approximately $4,062,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Kulicke and Soffa Industries by 105.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,079 shares of the semiconductor company's stock worth $6,593,000 after purchasing an additional 75,043 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings 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 purchasing an additional 74,920 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Kulicke and Soffa Industries in the fourth quarter worth approximately $2,916,000. Finally, Systematic Financial Management LP increased its holdings in Kulicke and Soffa Industries by 59.7% in the third quarter. Systematic Financial Management LP now owns 140,269 shares of the semiconductor company's stock worth $6,330,000 after purchasing an additional 52,419 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on KLIC shares. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note 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 note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Kulicke and Soffa Industries Trading Down 0.4 %

Shares of NASDAQ:KLIC traded down $0.13 during mid-day trading on Friday, hitting $35.76. 1,229,920 shares of the company traded hands, compared to its average volume of 497,848. The stock has a market cap of $1.91 billion, a P/E ratio of 298.00 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a 12-month low of $34.84 and a 12-month high of $53.71. The stock has a 50-day moving average price of $41.15 and a two-hundred day moving average price of $44.14.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its 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%. As a group, analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.29%. Kulicke and Soffa Industries's payout ratio 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.