Congress Asset Management Co. Has $4.61 Million Holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Congress Asset Management Co. reduced its position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 139,903 shares of the semiconductor company's stock after selling 8,033 shares during the quarter. Congress Asset Management Co. owned about 0.26% of Kulicke and Soffa Industries worth $4,614,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of KLIC. Barclays PLC raised its position in Kulicke and Soffa Industries by 85.2% during the third quarter. Barclays PLC now owns 96,604 shares of the semiconductor company's stock worth $4,361,000 after acquiring an additional 44,429 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Kulicke and Soffa Industries in the 4th quarter worth about $346,000. Entropy Technologies LP purchased a new position in Kulicke and Soffa Industries in the fourth quarter valued at approximately $219,000. Rhumbline Advisers lifted its holdings in shares of Kulicke and Soffa Industries by 8.2% during the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock valued at $7,628,000 after acquiring an additional 12,355 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Kulicke and Soffa Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 262,799 shares of the semiconductor company's stock valued at $12,262,000 after buying an additional 4,613 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Kulicke and Soffa Industries Stock Up 0.1%

Shares of NASDAQ:KLIC traded up $0.05 during trading on Thursday, reaching $34.78. 469,642 shares of the company traded hands, compared to its average volume of 581,742. The firm has a market cap of $1.84 billion, a P/E ratio of 289.83 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 1-year low of $26.63 and a 1-year high of $53.71. The firm has a fifty day simple moving average of $31.93 and a 200 day simple moving average of $39.16.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The company had revenue of $161.99 million for 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%. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.95) EPS. As a group, research analysts anticipate that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Thursday, June 19th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.36%. Kulicke and Soffa Industries's payout ratio is 227.78%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KLIC shares. DA Davidson reduced their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Needham & Company LLC dropped their price target on shares of 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 cut 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 issued a buy rating to the stock. Based on data from MarketBeat, Kulicke and Soffa Industries has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

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.