Copeland Capital Management LLC trimmed its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,437,609 shares of the semiconductor company's stock after selling 65,031 shares during the quarter. Copeland Capital Management LLC owned about 2.69% of Kulicke and Soffa Industries worth $47,412,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised 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 purchasing an additional 717,832 shares during the period. Point72 Hong Kong Ltd bought a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $24,109,000. Point72 Asset Management L.P. purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter valued at about $22,134,000. Millennium Management LLC boosted its stake in shares of Kulicke and Soffa Industries by 286.1% in the fourth quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock worth $19,747,000 after acquiring an additional 313,595 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its stake in Kulicke and Soffa Industries by 354.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock valued at $9,897,000 after purchasing an additional 165,431 shares during the period. Institutional investors own 98.22% of the company's stock.
Kulicke and Soffa Industries Stock Performance
Shares of KLIC traded up $1.10 during mid-day trading on Tuesday, hitting $35.70. 551,268 shares of the stock were exchanged, compared to its average volume of 579,933. The company has a market cap of $1.88 billion, a PE ratio of 99.17 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.71. The firm has a 50-day moving average of $33.19 and a two-hundred day moving average of $37.70.
Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of $165.10 million. During the same quarter in the prior year, the firm posted ($0.95) EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. On average, sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.
Kulicke and Soffa Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is 227.78%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on KLIC shares. DA Davidson dropped their price target on 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. Needham & Company LLC cut their target price 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. Finally, TD Cowen decreased 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. Two investment 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 presently has a consensus rating of "Moderate Buy" and an average price target of $44.50.
Read Our Latest Stock Analysis on KLIC
Kulicke and Soffa Industries Company Profile
(
Free Report)
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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