Magnetar Financial LLC Takes $362,000 Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Magnetar Financial LLC bought a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,760 shares of the semiconductor company's stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Kulicke and Soffa Industries by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,735 shares of the semiconductor company's stock worth $891,000 after purchasing an additional 250 shares in the last quarter. Signaturefd LLC increased its holdings in Kulicke and Soffa Industries by 35.5% during the 4th 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 period. Commonwealth Equity Services LLC lifted its position in shares of Kulicke and Soffa Industries by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock worth $2,333,000 after purchasing an additional 298 shares during the period. Personal CFO Solutions LLC boosted its position in Kulicke and Soffa Industries by 6.5% during the fourth quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company's stock valued at $260,000 after purchasing an additional 341 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Kulicke and Soffa Industries by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company's stock valued at $1,695,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $53.00 price target on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Kulicke and Soffa Industries Stock Performance

Shares of KLIC traded down $0.97 during trading hours on Thursday, hitting $34.50. 648,557 shares of the stock were exchanged, compared to its average volume of 500,138. Kulicke and Soffa Industries, Inc. has a 12-month low of $34.27 and a 12-month high of $53.71. The stock's 50-day moving average price is $40.57 and its two-hundred day moving average price is $44.09. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 287.50 and a beta of 1.38.

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%. On average, research 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders 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 2.38%. 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.