Bank of New York Mellon Corp Decreases Stock Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Bank of New York Mellon Corp lowered its stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 438,395 shares of the semiconductor company's stock after selling 32,004 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of Kulicke and Soffa Industries worth $14,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Kulicke and Soffa Industries by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 266,466 shares of the semiconductor company's stock worth $8,788,000 after acquiring an additional 3,667 shares during the last quarter. GAMMA Investing LLC grew its holdings in Kulicke and Soffa Industries by 1,770.2% in the 1st quarter. GAMMA Investing LLC now owns 19,095 shares of the semiconductor company's stock worth $579,000 after acquiring an additional 18,074 shares during the last quarter. Fifth Third Bancorp grew its holdings in Kulicke and Soffa Industries by 99.7% in the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 606 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Kulicke and Soffa Industries in the 4th quarter worth $548,000. Finally, Vanguard Group Inc. boosted its stake in shares of Kulicke and Soffa Industries by 1.6% during 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 in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KLIC. DA Davidson reduced their price target on shares of 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. Needham & Company LLC reduced their price target on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen reduced 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 research 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 data from MarketBeat, Kulicke and Soffa Industries presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Price Performance

NASDAQ:KLIC traded down $0.49 during mid-day trading on Tuesday, hitting $35.17. 151,203 shares of the company's stock were exchanged, compared to its average volume of 577,248. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $52.08. The business has a fifty day moving average price of $34.38 and a 200 day moving average price of $36.56. The company has a market cap of $1.86 billion, a PE ratio of 97.44 and a beta of 1.54.

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 return on equity of 0.76% and a net margin of 3.11%. The business had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same period in the previous year, the firm earned ($0.95) EPS. The company's revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th were paid a $0.205 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.33%. Kulicke and Soffa Industries's dividend payout ratio is presently 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.