William Blair Investment Management LLC Purchases 15,010 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

William Blair Investment Management LLC increased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 708,441 shares of the semiconductor company's stock after purchasing an additional 15,010 shares during the period. William Blair Investment Management LLC owned approximately 1.32% of Kulicke and Soffa Industries worth $33,056,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Copeland Capital Management LLC boosted its stake 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 worth $70,113,000 after acquiring an additional 33,124 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Kulicke and Soffa Industries by 4.9% during the 4th 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 during the period. 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 purchasing an additional 74,920 shares in the last quarter. Wasatch Advisors LP lifted its stake 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 worth $17,972,000 after purchasing an additional 38,655 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Kulicke and Soffa Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 262,799 shares of the semiconductor company's stock worth $12,262,000 after purchasing an additional 4,613 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

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Kulicke and Soffa Industries Price Performance

Shares of KLIC traded down $0.13 on Friday, hitting $35.76. The company's stock had a trading volume of 1,229,920 shares, compared to its average volume of 497,848. The company has a 50 day moving average price of $41.15 and a 200 day moving average price of $44.14. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $34.84 and a fifty-two week high of $53.71. The company has a market capitalization of $1.91 billion, a PE ratio of 298.00 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com raised 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 note 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 data from MarketBeat, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and a consensus target price of $52.00.

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.