Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stake Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 212.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,798 shares of the semiconductor company's stock after buying an additional 18,904 shares during the period. Mackenzie Financial Corp owned about 0.05% of Kulicke and Soffa Industries worth $1,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at $37,000. Signaturefd LLC increased its holdings in Kulicke and Soffa Industries by 35.5% in the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Kulicke and Soffa Industries by 397.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 918 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Kulicke and Soffa Industries by 43.4% during 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. Finally, Covestor Ltd lifted its stake in shares of Kulicke and Soffa Industries by 27.0% during the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after purchasing an additional 434 shares in the last quarter. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC traded up $0.07 during midday trading on Monday, reaching $32.22. The company had a trading volume of 481,107 shares, compared to its average volume of 566,438. The stock has a market capitalization of $1.70 billion, a P/E ratio of 268.50 and a beta of 1.53. The stock's fifty day moving average price is $31.80 and its 200-day moving average price is $39.81. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71.

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 the consensus estimate of $0.19 by ($0.71). The company had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. Kulicke and Soffa Industries's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.95) EPS. As a group, sell-side analysts forecast that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.55%. Kulicke and Soffa Industries's payout ratio is 227.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KLIC. DA Davidson lowered their target price 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. Wall Street Zen raised shares of Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Needham & Company LLC cut their price objective on shares of 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. Finally, TD Cowen lowered their target price on 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $44.50.

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.