Artemis Investment Management LLP Has $7.97 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Artemis Investment Management LLP lowered its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 41.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,544 shares of the semiconductor company's stock after selling 127,508 shares during the quarter. Artemis Investment Management LLP owned approximately 0.32% of Kulicke and Soffa Industries worth $7,967,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KLIC. Vanguard Group Inc. boosted its stake in Kulicke and Soffa Industries by 4.7% in the first quarter. Vanguard Group Inc. now owns 2,841,236 shares of the semiconductor company's stock valued at $142,943,000 after acquiring an additional 128,026 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Kulicke and Soffa Industries by 37.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company's stock worth $52,918,000 after purchasing an additional 291,787 shares during the period. Bank of New York Mellon Corp increased its holdings in Kulicke and Soffa Industries by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 671,675 shares of the semiconductor company's stock valued at $33,040,000 after purchasing an additional 73,243 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in Kulicke and Soffa Industries by 8.1% in the first quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company's stock valued at $32,619,000 after buying an additional 48,590 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Kulicke and Soffa Industries by 26.8% during the first quarter. Russell Investments Group Ltd. now owns 460,704 shares of the semiconductor company's stock worth $23,178,000 after buying an additional 97,278 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Analyst Ratings Changes

KLIC has been the topic of a number of recent analyst reports. Craig Hallum reduced their price target on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. TD Cowen reduced their target price on Kulicke and Soffa Industries from $52.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $47.33.

Kulicke and Soffa Industries Trading Down 1.2 %

Shares of KLIC stock traded down $0.55 during trading hours on Thursday, hitting $43.90. 402,470 shares of the company were exchanged, compared to its average volume of 488,024. Kulicke and Soffa Industries, Inc. has a 52 week low of $38.20 and a 52 week high of $56.71. The business has a 50 day moving average of $42.20 and a two-hundred day moving average of $45.75. The company has a market capitalization of $2.43 billion, a PE ratio of -36.74 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, research analysts forecast that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, September 19th. Kulicke and Soffa Industries's payout ratio is presently -67.23%.

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.