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

Edgestream Partners L.P. bought a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.

Several other institutional investors and hedge funds also recently made changes to their positions in KLIC. The Manufacturers Life Insurance Company raised its holdings in shares of Kulicke and Soffa Industries by 68.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock valued at $82,220,000 after purchasing an additional 717,832 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Kulicke and Soffa Industries during the fourth quarter worth about $24,109,000. Point72 Asset Management L.P. purchased a new stake in Kulicke and Soffa Industries during the fourth quarter worth about $22,134,000. Millennium Management LLC increased its holdings in Kulicke and Soffa Industries by 286.1% during the fourth quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock worth $19,747,000 after buying an additional 313,595 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in 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 buying an additional 165,431 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Price Performance

Kulicke and Soffa Industries stock traded down $0.55 during mid-day trading on Friday, reaching $35.35. 146,310 shares of the company traded hands, compared to its average volume of 577,960. The firm's 50 day moving average price is $34.31 and its 200 day moving average price is $36.78. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 98.27 and a beta of 1.54. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $52.08.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The business had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. During the same period in the previous year, the business posted ($0.95) EPS. The business's quarterly revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS 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 paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.32%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is 227.78%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson decreased their price objective 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. Needham & Company LLC decreased 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 report on Thursday, May 8th. Finally, TD Cowen cut 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 research report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kulicke and Soffa Industries currently has an average rating of "Moderate Buy" and a consensus price target 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.