Cardiff Park Advisors LLC Makes New Investment in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Cardiff Park Advisors LLC acquired a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the semiconductor company's stock, valued at approximately $1,166,000.

Several other hedge funds also recently made changes to their positions in the business. Bayesian Capital Management LP boosted its holdings in Kulicke and Soffa Industries by 318.6% during the fourth quarter. Bayesian Capital Management LP now owns 18,657 shares of the semiconductor company's stock worth $871,000 after buying an additional 14,200 shares in the last quarter. 272 Capital LP acquired a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at $1,166,000. Itau Unibanco Holding S.A. acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth $186,000. Schonfeld Strategic Advisors LLC raised its position in shares of Kulicke and Soffa Industries by 354.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock worth $9,897,000 after purchasing an additional 165,431 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of 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 valued at $34,255,000 after purchasing an additional 77,479 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Kulicke and Soffa Industries Trading Up 3.1 %

Shares of Kulicke and Soffa Industries stock opened at $33.22 on Monday. 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 $33.43 and a 200 day moving average price of $41.66. The company has a market cap of $1.77 billion, a P/E ratio of 276.83 and a beta of 1.50.

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 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.47%. Kulicke and Soffa Industries's dividend payout ratio is 683.33%.

Analysts Set New Price Targets

Several research firms have issued reports on KLIC. Needham & Company LLC restated a "buy" rating and set a $53.00 price objective on shares of Kulicke and Soffa Industries in a report on Thursday, February 6th. StockNews.com upgraded shares of 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 given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

About Kulicke and Soffa Industries

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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