Boothbay Fund Management LLC Purchases New Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Boothbay Fund Management LLC bought a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,344 shares of the semiconductor company's stock, valued at approximately $529,000.

Other hedge funds have also made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in Kulicke and Soffa Industries in the fourth quarter worth about $37,000. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 387 shares in the last quarter. Signaturefd LLC boosted its position in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after purchasing an additional 918 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Kulicke and Soffa Industries by 43.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock valued at $57,000 after buying an additional 371 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Trading Down 1.6 %

KLIC stock traded down $0.53 during mid-day trading on Tuesday, reaching $32.23. The company's stock had a trading volume of 52,566 shares, compared to its average volume of 544,636. The company's 50 day moving average is $33.28 and its two-hundred day moving average is $41.58. Kulicke and Soffa Industries, Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $53.71. The stock has a market cap of $1.72 billion, a PE ratio of 268.75 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. On average, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 20th. Kulicke and Soffa Industries's payout ratio is 683.33%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KLIC shares. StockNews.com raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $53.00 target price on shares of Kulicke and Soffa Industries in a research report on Thursday, February 6th. Two 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.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average price target of $53.25.

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.