TimesSquare Capital Management LLC Has $20.58 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

TimesSquare Capital Management LLC decreased its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 35.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 455,907 shares of the semiconductor company's stock after selling 245,230 shares during the quarter. TimesSquare Capital Management LLC owned about 0.84% of Kulicke and Soffa Industries worth $20,575,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in Kulicke and Soffa Industries by 37.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,075,790 shares of the semiconductor company's stock worth $52,918,000 after acquiring an additional 291,787 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Kulicke and Soffa Industries by 22.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,469,516 shares of the semiconductor company's stock worth $66,319,000 after acquiring an additional 264,638 shares during the last quarter. DDD Partners LLC bought a new position in Kulicke and Soffa Industries in the second quarter valued at approximately $8,163,000. Emerald Advisers LLC lifted its stake in Kulicke and Soffa Industries by 57.5% in the second quarter. Emerald Advisers LLC now owns 443,002 shares of the semiconductor company's stock valued at $21,791,000 after buying an additional 161,791 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Kulicke and Soffa Industries by 61.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 355,675 shares of the semiconductor company's stock valued at $17,496,000 after buying an additional 135,444 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Analyst Ratings Changes

KLIC has been the topic of a number of research reports. Craig Hallum cut their price target on shares of Kulicke and Soffa Industries from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. TD Cowen cut their price target on shares of Kulicke and Soffa Industries from $52.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com lowered shares of Kulicke and Soffa Industries from a "hold" rating to a "sell" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Hold" and a consensus price target of $47.33.

Kulicke and Soffa Industries Stock Performance

KLIC traded up $0.44 during trading on Monday, reaching $48.61. 921,395 shares of the stock were exchanged, compared to its average volume of 491,529. The stock has a market cap of $2.65 billion, a P/E ratio of -45.80 and a beta of 1.38. Kulicke and Soffa Industries, Inc. has a twelve month low of $38.20 and a twelve month high of $56.71. The stock's 50 day moving average price is $43.62 and its two-hundred day moving average price is $45.33.

Kulicke and Soffa Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Thursday, September 19th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.80 dividend on an annualized basis and a yield of 1.65%. Kulicke and Soffa Industries's payout ratio is -76.92%.

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.