Rhumbline Advisers Has $5.08 Million Stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Rhumbline Advisers trimmed its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,127 shares of the semiconductor company's stock after selling 9,364 shares during the period. Rhumbline Advisers owned approximately 0.29% of Kulicke and Soffa Industries worth $5,083,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KLIC. Summit Securities Group LLC bought a new position in Kulicke and Soffa Industries during the fourth quarter valued at about $37,000. Signaturefd LLC increased its stake in Kulicke and Soffa Industries by 35.5% during the fourth quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock valued at $50,000 after acquiring an additional 278 shares during the period. Smartleaf Asset Management LLC increased its stake in Kulicke and Soffa Industries by 397.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock valued at $53,000 after acquiring an additional 918 shares during the period. Menard Financial Group LLC bought a new position in Kulicke and Soffa Industries during the fourth quarter valued at about $54,000. Finally, Quadrant Capital Group LLC boosted its holdings in 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 valued at $57,000 after purchasing an additional 371 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KLIC shares. 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. Needham & Company LLC decreased their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen reduced 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Stock Up 4.1%

Shares of KLIC traded up $1.39 during trading hours on Monday, reaching $35.35. The stock had a trading volume of 629,474 shares, compared to its average volume of 584,265. 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 $32.32 and a 200 day moving average of $38.75. The company has a market cap of $1.87 billion, a P/E ratio of 294.58 and a beta of 1.53.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.71). Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. The firm had revenue of $161.99 million during the quarter, compared to analyst estimates of $165.10 million. During the same period in the prior year, the business earned ($0.95) EPS. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio is 227.78%.

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.