Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Bought by Bayesian Capital Management LP

Bayesian Capital Management LP raised its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 318.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,657 shares of the semiconductor company's stock after buying an additional 14,200 shares during the quarter. 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 hedge funds also recently bought and sold shares of KLIC. Vanguard Group Inc. increased its position in Kulicke and Soffa Industries by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock worth $152,975,000 after purchasing an additional 50,430 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 buying an additional 717,832 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Kulicke and Soffa Industries by 2.3% during the fourth quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock worth $70,113,000 after buying an additional 33,124 shares in the last quarter. Royce & Associates LP raised its holdings 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 valued at $54,379,000 after acquiring an additional 54,116 shares during the last quarter. Finally, Northern Trust Corp lifted its position 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 buying an additional 77,479 shares during the period. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Trading Up 0.4 %

Shares of KLIC traded up $0.13 during midday trading on Friday, reaching $31.85. 678,209 shares of the company were exchanged, compared to its average volume of 557,698. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $53.71. The stock has a 50-day moving average price of $32.92 and a 200-day moving average price of $41.36. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 265.42 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. During the same quarter in the prior year, the company earned ($0.95) EPS. The firm's revenue was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were issued 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 yield of 2.57%. Kulicke and Soffa Industries's dividend payout ratio is currently 683.33%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Cowen lowered 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. DA Davidson cut their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday. Needham & Company LLC lowered their price target 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. Finally, StockNews.com upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries currently has an average 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.