Man Group plc Acquires 14,680 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Man Group plc lifted its holdings in shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,482 shares of the semiconductor company's stock after buying an additional 14,680 shares during the period. Man Group plc owned approximately 0.25% of Kulicke and Soffa Industries worth $6,228,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Summit Securities Group LLC purchased a new stake in shares of Kulicke and Soffa Industries during the 4th quarter valued at about $37,000. Signaturefd LLC lifted its holdings 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 valued at $50,000 after buying an additional 278 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Kulicke and Soffa Industries by 397.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the semiconductor company's stock worth $53,000 after buying an additional 918 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Kulicke and Soffa Industries by 43.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,225 shares of the semiconductor company's stock worth $57,000 after buying an additional 371 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Kulicke and Soffa Industries by 27.0% in the fourth quarter. Covestor Ltd now owns 2,041 shares of the semiconductor company's stock worth $95,000 after acquiring an additional 434 shares during the period. 98.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on KLIC. TD Cowen dropped 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. Needham & Company LLC cut their price target on Kulicke and Soffa Industries from $53.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised Kulicke and Soffa Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, DA Davidson lowered their target price on shares of Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $44.50.

Kulicke and Soffa Industries Stock Down 1.1%

NASDAQ KLIC traded down $0.36 during trading on Monday, hitting $31.90. 425,203 shares of the stock traded hands, compared to its average volume of 564,847. The company has a market capitalization of $1.68 billion, a P/E ratio of 265.83 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. The firm has a 50-day simple moving average of $32.18 and a 200-day simple moving average of $40.33.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported ($0.52) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. During the same quarter in the prior year, the firm posted ($0.95) EPS. The company's revenue for the quarter was down 5.9% on a year-over-year basis. As a group, research analysts predict that Kulicke and Soffa Industries, Inc. will post 0.93 EPS for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, March 20th. 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.