GAMMA Investing LLC Buys 18,074 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

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

A number of other large investors have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in 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 worth $139,000 after buying an additional 254 shares during the last quarter. Signaturefd LLC increased its stake in shares of Kulicke and Soffa Industries by 35.5% in 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 in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Kulicke and Soffa Industries by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 50,007 shares of the semiconductor company's stock worth $2,333,000 after purchasing an additional 298 shares in the last quarter. Personal CFO Solutions LLC increased its stake in shares of Kulicke and Soffa Industries by 6.5% in the fourth quarter. Personal CFO Solutions LLC now owns 5,576 shares of the semiconductor company's stock worth $260,000 after purchasing an additional 341 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Kulicke and Soffa Industries by 43.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company's stock.

Analyst Upgrades and Downgrades

KLIC has been the subject of several recent research reports. Needham & Company LLC reduced 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. DA Davidson reduced their target price 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, TD Cowen reduced their target price on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Kulicke and Soffa Industries Stock Down 1.7%

NASDAQ:KLIC traded down $0.58 during mid-day trading on Friday, hitting $33.46. 744,753 shares of the stock traded hands, compared to its average volume of 581,604. The business's 50-day moving average price is $32.57 and its 200 day moving average price is $38.31. The company has a market cap of $1.77 billion, a PE ratio of 92.95 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 12-month low of $26.63 and a 12-month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.71). The firm had revenue of $161.99 million for the quarter, compared to analysts' expectations 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 was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.95) EPS. Analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be paid 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 yield of 2.45%. Kulicke and Soffa Industries's dividend payout ratio is currently 227.78%.

Kulicke and Soffa Industries 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.