Raymond James Financial Inc. Takes Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Raymond James Financial Inc. bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,503 shares of the semiconductor company's stock, valued at approximately $2,916,000. Raymond James Financial Inc. owned about 0.12% of Kulicke and Soffa Industries at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in Kulicke and Soffa Industries by 85.2% in the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock valued at $4,361,000 after buying an additional 44,429 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Kulicke and Soffa Industries during the fourth quarter worth $548,000. Rhumbline Advisers boosted its position in Kulicke and Soffa Industries by 8.2% in the fourth quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock worth $7,628,000 after purchasing an additional 12,355 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at $346,000. Finally, Congress Asset Management Co. raised its stake in shares of Kulicke and Soffa Industries by 9.2% during the 4th quarter. Congress Asset Management Co. now owns 147,936 shares of the semiconductor company's stock worth $6,903,000 after purchasing an additional 12,496 shares during the period. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Trading Down 0.0 %

Shares of NASDAQ KLIC traded down $0.01 during midday trading on Thursday, hitting $32.22. 462,340 shares of the company's stock were exchanged, compared to its average volume of 549,253. The business's fifty day moving average price is $33.73 and its two-hundred day moving average price is $41.88. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 268.50 and a beta of 1.50. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71.

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

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 683.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KLIC. 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. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.00.

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.