GAMMA Investing LLC Boosts Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

GAMMA Investing LLC lifted its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 1,770.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,095 shares of the semiconductor company's stock after acquiring an additional 18,074 shares during the quarter. GAMMA Investing LLC's holdings in Kulicke and Soffa Industries were worth $579,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Empowered Funds LLC purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at approximately $346,000. Rhumbline Advisers increased its holdings in shares of Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock valued at $7,628,000 after purchasing an additional 12,355 shares in the last quarter. Principal Financial Group Inc. grew its stake in Kulicke and Soffa Industries by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 262,799 shares of the semiconductor company's stock valued at $12,262,000 after acquiring an additional 4,613 shares during the period. CIBC Asset Management Inc acquired a new stake in Kulicke and Soffa Industries in the 4th quarter valued at $253,000. Finally, D.A. Davidson & CO. grew its stake in Kulicke and Soffa Industries by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 10,951 shares of the semiconductor company's stock valued at $511,000 after acquiring an additional 400 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Trading Down 1.7%

KLIC stock traded down $0.58 during midday trading on Friday, reaching $33.46. The stock had a trading volume of 744,753 shares, compared to its average volume of 584,039. The company's fifty day simple moving average is $32.50 and its 200 day simple moving average is $38.57. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 92.95 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.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $161.99 million for the quarter, compared to analysts' expectations of $165.10 million. During the same quarter in the prior year, the firm earned ($0.95) EPS. The firm's revenue was down 5.9% on a year-over-year basis. Sell-side analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Thursday, June 19th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.82 annualized dividend and a dividend yield of 2.45%. Kulicke and Soffa Industries's dividend payout ratio is presently 227.78%.

Analyst Upgrades and Downgrades

KLIC has been the topic of a number of research reports. DA Davidson decreased their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. TD Cowen decreased their price objective on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Finally, Needham & Company LLC decreased their price objective on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and a consensus price target 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.