Ameriprise Financial Inc. decreased its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 997,725 shares of the semiconductor company's stock after selling 366,365 shares during the quarter. Ameriprise Financial Inc. owned about 1.86% of Kulicke and Soffa Industries worth $46,554,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KLIC. 272 Capital LP acquired a new stake in shares of Kulicke and Soffa Industries during the fourth quarter worth $1,166,000. Itau Unibanco Holding S.A. purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at about $186,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 354.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock worth $9,897,000 after acquiring an additional 165,431 shares in the last quarter. Northern Trust Corp raised its holdings in Kulicke and Soffa Industries by 11.8% during the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company's stock worth $34,255,000 after purchasing an additional 77,479 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Kulicke and Soffa Industries by 68.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock worth $82,220,000 after purchasing an additional 717,832 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. DA Davidson dropped their price target 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, May 8th. TD Cowen cut their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Needham & Company LLC cut their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average target price of $44.50.
Read Our Latest Research Report on KLIC
Kulicke and Soffa Industries Stock Performance
Shares of NASDAQ KLIC traded down $0.47 during midday trading on Friday, reaching $33.68. 94,944 shares of the company's stock were exchanged, compared to its average volume of 558,607. The stock has a market capitalization of $1.78 billion, a PE ratio of 280.58 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The business's fifty day moving average price is $32.58 and its two-hundred day moving average price is $41.01.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The company had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company's revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.95) earnings per share. Analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio is currently 227.78%.
About Kulicke and Soffa Industries
(
Free Report)
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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