Proficio Capital Partners LLC acquired a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,544 shares of the semiconductor company's stock, valued at approximately $819,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pinpoint Asset Management Ltd purchased a new stake in shares of Kulicke and Soffa Industries during the 3rd quarter valued at $4,062,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Kulicke and Soffa Industries by 105.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 146,079 shares of the semiconductor company's stock valued at $6,593,000 after buying an additional 75,043 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in Kulicke and Soffa Industries by 16.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 530,827 shares of the semiconductor company's stock valued at $24,768,000 after buying an additional 74,920 shares during the last quarter. Systematic Financial Management LP boosted its holdings in Kulicke and Soffa Industries by 59.7% in the third quarter. Systematic Financial Management LP now owns 140,269 shares of the semiconductor company's stock worth $6,330,000 after acquiring an additional 52,419 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Kulicke and Soffa Industries by 85.2% during the third quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after acquiring an additional 44,429 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.
Analyst Upgrades and Downgrades
KLIC has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $53.00 target price 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 report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.00.
View Our Latest Analysis on Kulicke and Soffa Industries
Kulicke and Soffa Industries Trading Down 2.7 %
NASDAQ:KLIC traded down $0.98 during trading hours on Wednesday, hitting $35.47. 289,992 shares of the stock were exchanged, compared to its average volume of 498,651. Kulicke and Soffa Industries, Inc. has a 52-week low of $34.84 and a 52-week high of $53.71. The company has a market cap of $1.89 billion, a P/E ratio of 295.58 and a beta of 1.38. The firm's fifty day moving average price is $40.79 and its 200 day moving average price is $44.15.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced 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 negative return on equity of 1.26% and a net margin of 0.48%. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.
Kulicke and Soffa Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 683.33%.
Kulicke and Soffa Industries Company Profile
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Free Report)
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.
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