Ameriprise Financial Inc. Sells 366,365 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Ameriprise Financial Inc. trimmed its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 26.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 997,725 shares of the semiconductor company's stock after selling 366,365 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.86% of Kulicke and Soffa Industries worth $46,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KLIC. Barclays PLC boosted 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 worth $4,361,000 after purchasing an additional 44,429 shares during the period. GAMMA Investing LLC boosted its stake in Kulicke and Soffa Industries by 61.0% in the 4th quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 387 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Kulicke and Soffa Industries by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 36,329 shares of the semiconductor company's stock worth $1,695,000 after purchasing an additional 371 shares during the period. Artemis Investment Management LLP boosted its position in shares of Kulicke and Soffa Industries by 20.6% during the 4th quarter. Artemis Investment Management LLP now owns 212,834 shares of the semiconductor company's stock valued at $9,931,000 after acquiring an additional 36,290 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of 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 during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KLIC. DA Davidson lowered their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday. Needham & Company LLC lowered their target price on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday. TD Cowen lowered their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Finally, StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.50.

Kulicke and Soffa Industries Stock Up 0.4%

Shares of KLIC opened at $31.85 on Monday. The company has a market cap of $1.68 billion, a PE ratio of 265.42 and a beta of 1.53. The business has a fifty day moving average of $32.83 and a 200 day moving average of $41.26. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The company had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.95) earnings per share. As a group, research analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were given a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a yield of 2.57%. Kulicke and Soffa Industries's dividend payout ratio is presently 227.78%.

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.

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