Cardiff Park Advisors LLC Takes $1.17 Million Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Cardiff Park Advisors LLC bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the semiconductor company's stock, valued at approximately $1,166,000.

Several other institutional investors and hedge funds have also bought and sold shares of KLIC. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter worth about $37,000. GAMMA Investing LLC increased its position in Kulicke and Soffa Industries by 61.0% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the semiconductor company's stock worth $48,000 after buying an additional 387 shares during the last quarter. Signaturefd LLC raised its stake in Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after buying an additional 278 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of 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 valued at $53,000 after buying an additional 918 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 371 shares during the period. Institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reduced their price objective 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. DA Davidson decreased their price target on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday. StockNews.com upgraded shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, TD Cowen decreased their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Trading Up 0.4 %

NASDAQ KLIC traded up $0.13 during trading on Friday, reaching $31.85. The company's stock had a trading volume of 678,209 shares, compared to its average volume of 559,018. The firm has a 50 day moving average price of $32.83 and a 200 day moving average price of $41.27. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71. The firm has a market capitalization 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 issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The company had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same quarter last year, the firm posted ($0.95) earnings per share. The company's quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS 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. Investors of record on Thursday, March 20th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 683.33%.

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.