Arrowpoint Investment Partners Singapore Pte. Ltd. Makes New $443,000 Investment in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,500 shares of the semiconductor company's stock, valued at approximately $443,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Kulicke and Soffa Industries by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock valued at $152,975,000 after purchasing an additional 50,430 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Kulicke and Soffa Industries by 68.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock valued at $82,220,000 after acquiring an additional 717,832 shares during the last quarter. Copeland Capital Management LLC lifted its position in Kulicke and Soffa Industries by 2.3% during the fourth quarter. Copeland Capital Management LLC now owns 1,502,640 shares of the semiconductor company's stock valued at $70,113,000 after purchasing an additional 33,124 shares during the last quarter. Royce & Associates LP grew its position in Kulicke and Soffa Industries by 4.9% in the fourth quarter. Royce & Associates LP now owns 1,165,428 shares of the semiconductor company's stock worth $54,379,000 after acquiring an additional 54,116 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Kulicke and Soffa Industries by 11.8% in the fourth quarter. Northern Trust Corp now owns 734,140 shares of the semiconductor company's stock valued at $34,255,000 after acquiring an additional 77,479 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Price Performance

Kulicke and Soffa Industries stock traded down $0.36 during mid-day trading on Monday, reaching $31.90. 425,203 shares of the stock traded hands, compared to its average volume of 564,847. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71. The business's 50-day moving average is $32.18 and its 200-day moving average is $40.33. The stock has a market capitalization of $1.68 billion, a PE ratio of 265.83 and a beta of 1.53.

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) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The company had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. During the same quarter last year, the company earned ($0.95) earnings per share. The company's revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend 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 is currently 227.78%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KLIC shares. Needham & Company LLC lowered their price target on shares of 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. Wall Street Zen raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. DA Davidson decreased their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, TD Cowen dropped their price target on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

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.