Financial Harvest LLC Invests $6.84 Million in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Financial Harvest LLC bought a new stake in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 207,374 shares of the semiconductor company's stock, valued at approximately $6,839,000. Kulicke and Soffa Industries accounts for approximately 4.5% of Financial Harvest LLC's investment portfolio, making the stock its 7th biggest position. Financial Harvest LLC owned about 0.39% of Kulicke and Soffa Industries at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KLIC. Proficio Capital Partners LLC purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at approximately $819,000. Raymond James Financial Inc. purchased a new stake in Kulicke and Soffa Industries in the 4th quarter worth $2,916,000. HighTower Advisors LLC increased its stake in Kulicke and Soffa Industries by 17.9% during the 4th quarter. HighTower Advisors LLC now owns 7,032 shares of the semiconductor company's stock worth $328,000 after buying an additional 1,068 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Kulicke and Soffa Industries by 15.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,582 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Kulicke and Soffa Industries by 0.6% during the 4th 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 in the last quarter. Institutional investors own 98.22% of the company's stock.

Kulicke and Soffa Industries Trading Down 1.3%

KLIC stock traded down $0.48 during trading on Friday, reaching $35.42. 344,858 shares of the stock were exchanged, compared to its average volume of 579,548. Kulicke and Soffa Industries, Inc. has a twelve month low of $26.63 and a twelve month high of $52.08. The company has a market capitalization of $1.87 billion, a P/E ratio of 98.39 and a beta of 1.54. The stock has a 50 day simple moving average of $34.38 and a 200-day simple moving average of $36.63.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings data 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). 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%. The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.95) earnings per share. Equities analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current 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 given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is 227.78%.

Analyst Upgrades and Downgrades

KLIC has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. 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 for the company in a report on Thursday, May 8th. Finally, 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 report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.