Edgestream Partners L.P. Acquires Shares of 214,185 Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Edgestream Partners L.P. acquired a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 214,185 shares of the semiconductor company's stock, valued at approximately $7,064,000. Edgestream Partners L.P. owned about 0.40% of Kulicke and Soffa Industries at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Kulicke and Soffa Industries by 9.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock worth $139,000 after acquiring an additional 254 shares during the period. Signaturefd LLC raised its stake in shares of Kulicke and Soffa Industries by 35.5% in the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 278 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Kulicke and Soffa Industries by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock worth $2,333,000 after purchasing an additional 298 shares during the period. Quadrant Capital Group LLC boosted its position in Kulicke and Soffa Industries by 43.4% in 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. Finally, Covestor Ltd boosted its position in Kulicke and Soffa Industries by 27.0% in the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock valued at $95,000 after buying an additional 434 shares during the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

KLIC stock traded up $0.02 during trading on Wednesday, hitting $35.18. 332,114 shares of the company traded hands, compared to its average volume of 579,886. Kulicke and Soffa Industries, Inc. has a 1 year low of $26.63 and a 1 year high of $52.45. The company has a market cap of $1.86 billion, a PE ratio of 97.72 and a beta of 1.54. The stock's 50-day simple moving average is $34.23 and its 200 day simple moving average is $36.85.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $165.10 million. Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. During the same period in the previous year, the business earned ($0.95) EPS. Kulicke and Soffa Industries's revenue for the quarter was down 5.9% compared to the same quarter last year. Research analysts expect 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, July 8th. Shareholders of record on Thursday, June 19th were given a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.33%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 227.78%.

Wall Street Analyst Weigh In

Several analysts have commented on KLIC shares. TD Cowen decreased their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. DA Davidson reduced their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Needham & Company LLC decreased their target price 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, May 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of "Moderate Buy" and a consensus target price 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.