Millennium Management LLC Raises Stock Position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Millennium Management LLC boosted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 286.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,208 shares of the semiconductor company's stock after acquiring an additional 313,595 shares during the quarter. Millennium Management LLC owned 0.79% of Kulicke and Soffa Industries worth $19,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kulicke and Soffa Industries by 2.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,203 shares of the semiconductor company's stock valued at $1,409,000 after acquiring an additional 660 shares in the last quarter. LMR Partners LLP bought a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at $327,000. Ellevest Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 33.8% during the 4th quarter. Ellevest Inc. now owns 11,449 shares of the semiconductor company's stock valued at $534,000 after buying an additional 2,891 shares during the period. Ethic Inc. lifted its holdings in shares of Kulicke and Soffa Industries by 34.0% during the 4th quarter. Ethic Inc. now owns 11,862 shares of the semiconductor company's stock valued at $553,000 after buying an additional 3,007 shares during the period. Finally, Cardiff Park Advisors LLC bought a new position in shares of Kulicke and Soffa Industries during the 4th quarter valued at $1,166,000. 98.22% of the stock is owned by institutional investors.

Kulicke and Soffa Industries Price Performance

Shares of NASDAQ:KLIC traded down $0.36 during midday trading on Monday, hitting $31.90. The company had a trading volume of 425,203 shares, compared to its average volume of 564,847. The company has a market cap of $1.68 billion, a price-to-earnings 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 company has a fifty day moving average of $32.09 and a two-hundred day moving average of $40.22.

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) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.71). The company 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 company's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.95) earnings per share. Research analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share for the current fiscal year.

Kulicke and Soffa Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a $0.205 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.82 annualized dividend and a dividend yield of 2.57%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is 227.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen lowered their price target on Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. DA Davidson lowered their price target on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating on the stock 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 report on Thursday, February 6th. Finally, Needham & Company LLC lowered their price target 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kulicke and Soffa Industries has an average rating of "Moderate Buy" and an average target price of $44.50.

Kulicke and Soffa Industries 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.