Olstein Capital Management L.P. Purchases 51,400 Shares of Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)

Olstein Capital Management L.P. lifted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC - Free Report) by 27.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,400 shares of the semiconductor company's stock after acquiring an additional 51,400 shares during the quarter. Kulicke and Soffa Industries makes up approximately 1.5% of Olstein Capital Management L.P.'s holdings, making the stock its 22nd largest holding. Olstein Capital Management L.P. owned about 0.45% of Kulicke and Soffa Industries worth $7,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KLIC. Summit Securities Group LLC acquired a new position in Kulicke and Soffa Industries during the 4th quarter worth $37,000. Signaturefd LLC lifted its holdings in Kulicke and Soffa Industries by 35.5% during the 4th quarter. Signaturefd LLC now owns 1,061 shares of the semiconductor company's stock worth $50,000 after buying an additional 278 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Kulicke and Soffa Industries by 397.4% during 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 in the last quarter. Menard Financial Group LLC acquired a new position in shares of Kulicke and Soffa Industries in the 4th quarter valued at $54,000. 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 purchasing an additional 371 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Kulicke and Soffa Industries Stock Down 1.3%

Shares of KLIC traded down $0.47 during trading hours on Wednesday, reaching $34.73. The stock had a trading volume of 691,235 shares, compared to its average volume of 582,190. Kulicke and Soffa Industries, Inc. has a 52 week low of $26.63 and a 52 week high of $53.71. The firm has a 50-day moving average of $31.93 and a 200 day moving average of $39.16. The company has a market cap of $1.83 billion, a P/E ratio of 289.42 and a beta of 1.53.

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) EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.71). The firm had revenue of $161.99 million during the quarter, compared to the consensus estimate of $165.10 million. Kulicke and Soffa Industries had a net margin of 0.48% and a negative return on equity of 1.26%. Kulicke and Soffa Industries's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.95) EPS. As a group, equities analysts expect that Kulicke and Soffa Industries, Inc. will post 0.93 earnings per share 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 is Wednesday, June 18th. This represents a $0.82 annualized dividend and a yield of 2.36%. Kulicke and Soffa Industries's dividend payout ratio (DPR) is currently 227.78%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KLIC shares. DA Davidson cut their price target on 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. TD Cowen cut 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, Needham & Company LLC cut their price target on 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.