Balyasny Asset Management L.P. Reduces Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Balyasny Asset Management L.P. decreased its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,784 shares of the semiconductor company's stock after selling 57,961 shares during the period. Balyasny Asset Management L.P. owned 0.06% of Kulicke and Soffa Industries worth $1,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Kulicke and Soffa Industries by 85.2% during the 3rd quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after acquiring an additional 44,429 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $548,000. Rhumbline Advisers raised its position in shares of Kulicke and Soffa Industries by 8.2% during the fourth quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock valued at $7,628,000 after buying an additional 12,355 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Kulicke and Soffa Industries during the fourth quarter valued at approximately $346,000. Finally, Vanguard Group Inc. raised its position in shares of Kulicke and Soffa Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock valued at $152,975,000 after buying an additional 50,430 shares during the last quarter. Institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Performance

Shares of Kulicke and Soffa Industries stock opened at $33.96 on Tuesday. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71. The company has a market capitalization of $1.79 billion, a PE ratio of 283.00 and a beta of 1.53. The company has a 50-day simple moving average of $32.75 and a two-hundred day simple moving average of $41.18.

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 for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The business had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. During the same quarter last year, the company posted ($0.95) EPS. Kulicke and Soffa Industries's quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders 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 annualized dividend and a yield of 2.41%. Kulicke and Soffa Industries's dividend payout ratio is presently 227.78%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KLIC shares. 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 for the company in a report on Thursday, May 8th. TD Cowen cut their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson dropped their price objective on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.