Russell Investments Group Ltd. Grows Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Russell Investments Group Ltd. increased its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 222,063 shares of the semiconductor company's stock after acquiring an additional 20,478 shares during the period. Russell Investments Group Ltd. owned about 0.41% of Kulicke and Soffa Industries worth $10,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KLIC. Signaturefd LLC grew its holdings in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 278 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Kulicke and Soffa Industries by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock valued at $2,333,000 after acquiring an additional 298 shares during the last quarter. Personal CFO Solutions LLC grew its stake in shares of Kulicke and Soffa Industries by 6.5% in the fourth quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company's stock worth $260,000 after purchasing an additional 341 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Kulicke and Soffa Industries by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company's stock valued at $1,695,000 after purchasing an additional 371 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after buying an additional 387 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KLIC. 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 reaffirmed a "buy" rating and set a $53.00 target price 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and an average target price of $52.00.

Kulicke and Soffa Industries Trading Down 0.2 %

KLIC traded down $0.05 during trading on Thursday, hitting $29.25. 91,287 shares of the company's stock traded hands, compared to its average volume of 541,846. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71. The company's 50 day simple moving average is $35.88 and its two-hundred day simple moving average is $42.84. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 244.46 and a beta of 1.50.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted 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%. On average, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is presently 683.33%.

About Kulicke and Soffa Industries

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.