Royce & Associates LP Purchases 54,116 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Royce & Associates LP raised its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,165,428 shares of the semiconductor company's stock after buying an additional 54,116 shares during the quarter. Royce & Associates LP owned 2.17% of Kulicke and Soffa Industries worth $54,379,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KLIC. Advisors Asset Management Inc. increased its position in shares of Kulicke and Soffa Industries by 137.5% during the third quarter. Advisors Asset Management Inc. now owns 715 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 414 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock valued at $48,000 after buying an additional 387 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Kulicke and Soffa Industries during the third quarter worth $53,000. Smartleaf Asset Management LLC raised its position in Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after buying an additional 918 shares during the last quarter. Finally, KBC Group NV lifted its stake in Kulicke and Soffa Industries by 93.2% during the 4th quarter. KBC Group NV now owns 2,898 shares of the semiconductor company's stock valued at $135,000 after acquiring an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KLIC shares. StockNews.com upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ KLIC traded down $0.40 during trading on Thursday, reaching $35.89. 340,372 shares of the stock traded hands, compared to its average volume of 494,186. The company has a 50-day moving average of $41.59 and a 200-day moving average of $44.25. Kulicke and Soffa Industries, Inc. has a 52-week low of $35.04 and a 52-week high of $53.71. The stock has a market capitalization of $1.92 billion, a P/E ratio of 299.08 and a beta of 1.38.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates 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%. Analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.28%. Kulicke and Soffa Industries's payout ratio is 683.33%.

Kulicke and Soffa Industries 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.