Bayesian Capital Management LP Grows Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Bayesian Capital Management LP boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 318.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,657 shares of the semiconductor company's stock after purchasing an additional 14,200 shares during the period. Bayesian Capital Management LP's holdings in Kulicke and Soffa Industries were worth $871,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KLIC. Vanguard Group Inc. grew its position in Kulicke and Soffa Industries by 1.6% in the 4th 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 in the last quarter. The Manufacturers Life Insurance Company raised its position 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 valued at $82,220,000 after acquiring an additional 717,832 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Kulicke and Soffa Industries by 2.3% in the 4th quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock worth $70,113,000 after acquiring an additional 33,124 shares during the period. Royce & Associates LP grew its position in Kulicke and Soffa Industries by 4.9% in the 4th quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock worth $54,379,000 after purchasing an additional 54,116 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Kulicke and Soffa Industries by 11.8% in the 4th quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company's stock valued at $34,255,000 after buying an additional 77,479 shares in the last quarter. Institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Stock Up 0.4 %

Kulicke and Soffa Industries stock traded up $0.13 during mid-day trading on Friday, hitting $31.85. 678,209 shares of the company's stock traded hands, compared to its average volume of 559,018. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71. The firm has a 50 day moving average price of $32.83 and a 200 day moving average price of $41.27. The company has a market cap of $1.68 billion, a PE ratio of 265.42 and a beta of 1.53.

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) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million during 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 firm's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.95) earnings per share. On average, analysts expect 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. Shareholders of record on Thursday, March 20th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.57%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. DA Davidson cut 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 note on Thursday. Needham & Company LLC reduced their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday. Finally, TD Cowen dropped their target price 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.50.

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.