Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Stake Trimmed by Congress Asset Management Co.

Congress Asset Management Co. reduced its position in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 0.26% of Kulicke and Soffa Industries worth $4,614,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted 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 purchasing an additional 44,429 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $548,000. Rhumbline Advisers raised its holdings in shares of Kulicke and Soffa Industries by 8.2% in the 4th quarter. Rhumbline Advisers now owns 163,491 shares of the semiconductor company's stock worth $7,628,000 after buying an additional 12,355 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Kulicke and Soffa Industries during the fourth quarter valued at $346,000. Finally, Vanguard Group Inc. grew its stake in Kulicke and Soffa Industries by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,278,512 shares of the semiconductor company's stock worth $152,975,000 after buying an additional 50,430 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on KLIC shares. Needham & Company LLC reduced 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 research note on Thursday, May 8th. TD Cowen dropped their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Finally, DA Davidson cut their price objective on shares of 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries Trading Up 0.8%

Shares of KLIC stock opened at $33.17 on Monday. The business's 50-day moving average price is $31.70 and its 200-day moving average price is $39.33. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 276.42 and a beta of 1.53. Kulicke and Soffa Industries, Inc. has a 12 month low of $26.63 and a 12 month high of $53.71.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last released its quarterly earnings data 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). Kulicke and Soffa Industries had a negative return on equity of 1.26% and a net margin of 0.48%. The company had revenue of $161.99 million for the quarter, compared to the consensus estimate of $165.10 million. During the same period last year, the company earned ($0.95) EPS. Kulicke and Soffa Industries's revenue for the quarter was down 5.9% compared to the same quarter last year. On average, sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.205 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.47%. Kulicke and Soffa Industries's 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.

Want to see what other hedge funds are holding KLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.