Teacher Retirement System of Texas Buys Shares of 36,672 Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Teacher Retirement System of Texas acquired a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,672 shares of the semiconductor company's stock, valued at approximately $1,711,000. Teacher Retirement System of Texas owned approximately 0.07% of Kulicke and Soffa Industries at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Barclays PLC increased its holdings in Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock valued at $4,361,000 after purchasing an additional 44,429 shares in the last quarter. Citigroup Inc. increased its stake in shares of Kulicke and Soffa Industries by 37.4% in the third quarter. Citigroup Inc. now owns 150,533 shares of the semiconductor company's stock valued at $6,794,000 after buying an additional 40,990 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Kulicke and Soffa Industries by 27.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 88,712 shares of the semiconductor company's stock valued at $3,977,000 after buying an additional 19,279 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Kulicke and Soffa Industries by 32.4% in the third quarter. Stifel Financial Corp now owns 48,328 shares of the semiconductor company's stock valued at $2,181,000 after buying an additional 11,836 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock worth $7,628,000 after buying an additional 12,355 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KLIC shares. Needham & Company LLC restated a "buy" rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a research report 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Kulicke and Soffa Industries Stock Performance

NASDAQ:KLIC traded down $0.08 on Monday, hitting $32.98. 785,898 shares of the stock were exchanged, compared to its average volume of 516,695. Kulicke and Soffa Industries, Inc. has a 52 week low of $31.77 and a 52 week high of $53.71. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 274.83 and a beta of 1.38. The company's 50-day moving average price is $39.75 and its 200 day moving average price is $44.01.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly 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%. As a group, equities research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 683.33%.

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.