Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires Shares of 9,500 Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Arrowpoint Investment Partners Singapore Pte. Ltd. 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 SEC. The firm bought 9,500 shares of the semiconductor company's stock, valued at approximately $443,000.

Other large investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth $37,000. Signaturefd LLC raised its stake in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 278 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 worth $53,000 after acquiring an additional 918 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock valued at $57,000 after purchasing an additional 371 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Kulicke and Soffa Industries by 27.0% during the 4th quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock valued at $95,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on KLIC. TD Cowen dropped 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. Needham & Company LLC dropped their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. StockNews.com raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, DA Davidson reduced their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Kulicke and Soffa Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Kulicke and Soffa Industries Stock Up 0.5%

Shares of Kulicke and Soffa Industries stock opened at $33.26 on Wednesday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 277.17 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $53.71. The company's fifty day moving average is $32.44 and its 200 day moving average is $40.71.

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) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.71). The company had revenue of $161.99 million during the quarter, compared to analyst estimates 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 company's quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.95) EPS. As a group, equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.47%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 227.78%.

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.

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