MQS Management LLC Purchases Shares of 11,878 Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

MQS Management LLC acquired a new position in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,878 shares of the semiconductor company's stock, valued at approximately $392,000.

A number of other hedge funds have also recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in Kulicke and Soffa Industries in the 4th quarter worth $37,000. Signaturefd LLC grew its stake in shares of Kulicke and Soffa Industries by 35.5% during the fourth 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 last quarter. Menard Financial Group LLC purchased a new position in shares of Kulicke and Soffa Industries in the fourth quarter worth about $54,000. Fifth Third Bancorp lifted its stake in shares of 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 acquiring an additional 606 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted 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 valued at $57,000 after acquiring an additional 371 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KLIC. DA Davidson dropped their price objective on Kulicke and Soffa Industries from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. TD Cowen dropped their price target on shares of Kulicke and Soffa Industries from $50.00 to $36.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Finally, Needham & Company LLC decreased 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 report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.50.

Kulicke and Soffa Industries Stock Performance

KLIC opened at $36.26 on Monday. The stock has a market capitalization of $1.91 billion, a PE ratio of 100.73 and a beta of 1.54. The stock's 50 day moving average price is $34.01 and its 200-day moving average price is $36.96. Kulicke and Soffa Industries, Inc. has a 52-week low of $26.63 and a 52-week high of $53.31.

Kulicke and Soffa Industries (NASDAQ:KLIC - Get Free Report) last issued 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 net margin of 3.11% and a return on equity of 0.76%. The company had revenue of $161.99 million for the quarter, compared to analysts' expectations of $165.10 million. During the same period in the previous year, the firm posted ($0.95) earnings per share. The firm's revenue for the quarter was down 5.9% compared to the same quarter last year. Research analysts forecast 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, July 8th. Shareholders of record on Thursday, June 19th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.26%. Kulicke and Soffa Industries's payout ratio 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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