Millennium Management LLC Increases Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Millennium Management LLC grew its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 418.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,211 shares of the semiconductor company's stock after buying an additional 55,862 shares during the period. Millennium Management LLC owned 0.12% of Kulicke and Soffa Industries worth $3,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KLIC. Artemis Investment Management LLP purchased a new position in Kulicke and Soffa Industries during the 1st quarter valued at $26,036,000. The Manufacturers Life Insurance Company raised its stake in Kulicke and Soffa Industries by 37.2% in 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 buying an additional 291,787 shares in the last quarter. DDD Partners LLC purchased a new stake in Kulicke and Soffa Industries in the second quarter worth about $8,163,000. Emerald Advisers LLC boosted its position in Kulicke and Soffa Industries by 57.5% during the 2nd quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company's stock valued at $21,791,000 after acquiring an additional 161,791 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Kulicke and Soffa Industries by 61.5% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 355,675 shares of the semiconductor company's stock worth $17,496,000 after acquiring an additional 135,444 shares during the period. Institutional investors own 98.22% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Cowen dropped their price target on Kulicke and Soffa Industries from $52.00 to $45.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th. Craig Hallum reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $47.33.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock traded up $1.34 during midday trading on Monday, hitting $46.61. The company had a trading volume of 453,335 shares, compared to its average volume of 487,525. Kulicke and Soffa Industries, Inc. has a 52-week low of $38.20 and a 52-week high of $56.71. The stock has a market capitalization of $2.59 billion, a P/E ratio of -38.04 and a beta of 1.38. The company has a 50 day moving average of $42.29 and a 200 day moving average of $45.66.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $181.70 million during 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 was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. Equities 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 company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 19th. Kulicke and Soffa Industries's payout ratio is -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.