Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stake Boosted by Copeland Capital Management LLC

Copeland Capital Management LLC raised its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 22.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,469,516 shares of the semiconductor company's stock after purchasing an additional 264,638 shares during the period. Copeland Capital Management LLC owned about 2.65% of Kulicke and Soffa Industries worth $66,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of 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 buying an additional 128,026 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Kulicke and Soffa Industries by 37.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company's stock valued at $52,918,000 after acquiring an additional 291,787 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Kulicke and Soffa Industries by 12.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 671,675 shares of the semiconductor company's stock valued at $33,040,000 after acquiring an additional 73,243 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Kulicke and Soffa Industries by 8.1% during the first quarter. TimesSquare Capital Management LLC now owns 648,357 shares of the semiconductor company's stock worth $32,619,000 after purchasing an additional 48,590 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in Kulicke and Soffa Industries during the first quarter valued at about $26,036,000. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Down 2.1 %

KLIC stock traded down $0.92 during midday trading on Tuesday, reaching $42.93. The company had a trading volume of 352,613 shares, compared to its average volume of 486,529. The firm has a market capitalization of $2.38 billion, a PE ratio of -36.85 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $56.71. The stock has a 50 day moving average price of $42.78 and a 200 day moving average price of $45.46.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its 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. Kulicke and Soffa Industries had a positive return on equity of 0.61% and a negative net margin of 7.94%. The firm had revenue of $181.70 million for the quarter, compared to the consensus estimate of $179.28 million. During the same quarter in the previous year, the business earned $0.55 EPS. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. Research analysts predict that Kulicke and Soffa Industries, Inc. will post -0.45 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Thursday, September 19th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.86%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is -67.23%.

Analyst Ratings Changes

Several research firms recently commented on KLIC. TD Cowen reduced 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 company presently has an average rating of "Hold" and an average target price of $47.33.

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.