Copeland Capital Management LLC Sells 65,031 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Copeland Capital Management LLC cut its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437,609 shares of the semiconductor company's stock after selling 65,031 shares during the period. Copeland Capital Management LLC owned approximately 2.69% of Kulicke and Soffa Industries worth $47,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KLIC. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth about $37,000. Fifth Third Bancorp boosted its holdings in Kulicke and Soffa Industries by 99.7% during the first quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 606 shares during the last quarter. Signaturefd LLC boosted its holdings 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 purchasing an additional 278 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Kulicke and Soffa Industries by 397.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after purchasing an additional 918 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new position in Kulicke and Soffa Industries during the fourth quarter worth about $54,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Price Performance

KLIC stock traded down $0.63 during mid-day trading on Friday, hitting $34.75. 1,099,378 shares of the stock were exchanged, compared to its average volume of 580,801. The business has a fifty day moving average price of $33.09 and a 200 day moving average price of $37.88. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 96.53 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released 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). Kulicke and Soffa Industries had a net margin of 3.11% and a return on equity of 0.76%. The company had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same period last year, the firm posted ($0.95) EPS. The company's revenue was down 5.9% on a year-over-year basis. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is presently 227.78%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KLIC shares. Needham & Company LLC dropped their target price on shares of Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. 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 research note on Wednesday, May 7th. Finally, DA Davidson dropped 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 note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and a consensus price target of $44.50.

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.