Bank of New York Mellon Corp Has $14.46 Million Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Bank of New York Mellon Corp reduced its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 438,395 shares of the semiconductor company's stock after selling 32,004 shares during the period. 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.

Several other large investors have also modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Kulicke and Soffa Industries by 9.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,985 shares of the semiconductor company's stock valued at $139,000 after purchasing an additional 254 shares during the period. Signaturefd LLC boosted its holdings in shares of Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 278 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Kulicke and Soffa Industries by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock valued at $2,333,000 after acquiring an additional 298 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Kulicke and Soffa Industries by 43.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock valued at $57,000 after acquiring an additional 371 shares during the period. Finally, Covestor Ltd lifted its holdings in Kulicke and Soffa Industries by 27.0% in the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after purchasing an additional 434 shares during the period. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Down 1.2%

Shares of KLIC traded down $0.44 during trading hours on Wednesday, reaching $34.78. The company's stock had a trading volume of 566,112 shares, compared to its average volume of 580,155. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 96.61 and a beta of 1.54. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $52.08. The company has a 50 day moving average of $34.44 and a two-hundred day moving average of $36.45.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The business 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 3.11% and a return on equity of 0.76%. Kulicke and Soffa Industries's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.95) EPS. As a group, analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Thursday, June 19th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is presently 227.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. TD Cowen cut their price target on shares of 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. 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 research note on Thursday, May 8th. Finally, 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 research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kulicke and Soffa Industries presently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

About Kulicke and Soffa Industries

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.