Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its stake in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,375 shares of the semiconductor company's stock after selling 119,452 shares during the period. TimesSquare Capital Management LLC owned about 0.77% of Kulicke and Soffa Industries worth $13,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KLIC. Summit Securities Group LLC acquired a new stake in Kulicke and Soffa Industries in the 4th quarter valued at about $37,000. Fifth Third Bancorp raised its position in Kulicke and Soffa Industries by 99.7% in the 1st quarter. Fifth Third Bancorp now owns 1,214 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 606 shares in the last quarter. Signaturefd LLC raised its position in shares of Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after acquiring an additional 278 shares in the last quarter. Menard Financial Group LLC acquired a new stake in shares of Kulicke and Soffa Industries during the 4th quarter worth about $54,000. Finally, Quadrant Capital Group LLC raised its position in shares of Kulicke and Soffa Industries by 43.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.

Wall Street Analyst Weigh In

KLIC has been the topic of several research analyst reports. Needham & Company LLC cut their target price 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. DA Davidson cut their target price on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen cut their target price on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Kulicke and Soffa Industries currently has an average rating of "Moderate Buy" and a consensus target price of $44.50.

Kulicke and Soffa Industries Stock Down 1.4%

KLIC opened at $35.77 on Tuesday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 99.36 and a beta of 1.54. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $53.31. The business's 50 day moving average is $34.07 and its two-hundred day moving average is $36.87.

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) 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 analyst estimates of $165.10 million. Kulicke and Soffa Industries had a return on equity of 0.76% and a net margin of 3.11%. The company's quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm earned ($0.95) EPS. Equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, June 18th. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 227.78%.

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.

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