8,658 Shares in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Purchased by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. bought a new position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,658 shares of the semiconductor company's stock, valued at approximately $404,000.

Several other large investors have also recently added to or reduced their stakes in KLIC. The Manufacturers Life Insurance Company grew its holdings in Kulicke and Soffa Industries by 68.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock worth $82,220,000 after acquiring an additional 717,832 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at $24,109,000. Point72 Asset Management L.P. acquired a new stake in Kulicke and Soffa Industries during the 4th quarter worth about $22,134,000. Millennium Management LLC increased its position in Kulicke and Soffa Industries by 286.1% in the 4th 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 period. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Kulicke and Soffa Industries by 354.3% in 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 in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLIC has been the subject of several recent analyst reports. TD Cowen lowered their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Needham & Company LLC lowered their price target on 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. DA Davidson lowered their price target on 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, Wall Street Zen upgraded Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Trading Up 0.9%

Shares of KLIC traded up $0.30 during mid-day trading on Thursday, reaching $32.72. The company's stock had a trading volume of 410,506 shares, compared to its average volume of 565,919. The stock has a market cap of $1.73 billion, a P/E ratio of 272.67 and a beta of 1.53. The business has a 50-day simple moving average of $31.96 and a two-hundred day simple moving average of $40.11. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $53.71.

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) 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 the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The business's revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted ($0.95) EPS. Research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current 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 $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 20th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 227.78%.

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.