25,000 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Purchased by 272 Capital LP

272 Capital LP acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the semiconductor company's stock, valued at approximately $1,166,000. Kulicke and Soffa Industries makes up about 1.1% of 272 Capital LP's investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth approximately $37,000. GAMMA Investing LLC raised its stake in shares of Kulicke and Soffa Industries by 61.0% during the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after buying an additional 387 shares during the period. Signaturefd LLC lifted its position in shares of Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after buying an additional 278 shares in the last quarter. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 918 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Down 2.8 %

Shares of Kulicke and Soffa Industries stock traded down $0.87 during trading hours on Wednesday, reaching $30.87. 719,447 shares of the company's stock were exchanged, compared to its average volume of 550,260. The business has a fifty day moving average of $33.16 and a two-hundred day moving average of $41.51. The company has a market capitalization of $1.65 billion, a P/E ratio of 257.33 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The business had revenue of $161.99 million for the quarter, compared to analysts' expectations of $165.10 million. During the same period in the prior year, the company posted ($0.95) EPS. The firm's revenue was down 5.9% on a year-over-year basis. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.66%. Kulicke and Soffa Industries's payout ratio is 683.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on KLIC. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reiterated a "buy" rating and issued a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. Finally, TD Cowen cut their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kulicke and Soffa Industries currently has an average rating of "Moderate Buy" and an average target price of $49.75.

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.