Rhumbline Advisers Sells 9,364 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Rhumbline Advisers cut its stake 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 SEC. The institutional investor owned 154,127 shares of the semiconductor company's stock after selling 9,364 shares during the period. Rhumbline Advisers owned about 0.29% of Kulicke and Soffa Industries worth $5,083,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Kulicke and Soffa Industries by 68.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,762,112 shares of the semiconductor company's stock worth $82,220,000 after purchasing an additional 717,832 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Kulicke and Soffa Industries in the 4th quarter worth $24,109,000. Point72 Asset Management L.P. bought a new stake in Kulicke and Soffa Industries during the fourth quarter valued at about $22,134,000. Millennium Management LLC lifted its position in shares of Kulicke and Soffa Industries by 286.1% in the fourth quarter. Millennium Management LLC now owns 423,208 shares of the semiconductor company's stock valued at $19,747,000 after acquiring an additional 313,595 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of Kulicke and Soffa Industries by 354.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 212,119 shares of the semiconductor company's stock worth $9,897,000 after acquiring an additional 165,431 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Performance

KLIC stock traded down $0.82 during mid-day trading on Friday, reaching $33.96. 684,049 shares of the stock traded hands, compared to its average volume of 581,938. Kulicke and Soffa Industries, Inc. has a one year low of $26.63 and a one year high of $53.71. The stock has a market capitalization of $1.79 billion, a PE ratio of 283.00 and a beta of 1.53. The business has a 50-day moving average price of $32.04 and a two-hundred day moving average price of $39.06.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million during the quarter, compared to analysts' expectations of $165.10 million. Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the company earned ($0.95) earnings per share. On average, equities analysts expect 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 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 $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Wednesday, June 18th. Kulicke and Soffa Industries's payout ratio is presently 227.78%.

Analyst Ratings Changes

KLIC has been the subject of several recent analyst reports. 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 note on Thursday, May 8th. TD Cowen dropped 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 report on Wednesday, May 7th. Finally, Needham & Company LLC reduced their target price 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.